Understanding Health Insurance Premiums: What They Are and Where Your Money Goes
Understanding Health Insurance Premiums: What They Are and Where Your Money Goes Understanding health insurance premiums can feel overwhelming, especially with all the terminology and costs involved. At Sensenbrenner Primary Care, we want to help patients better understand their health insurance so they can make informed decisions about their healthcare. Simply put, a health insurance premium is the amount you pay usually monthly to maintain active health insurance coverage, whether or not you use medical services during that month. Where Do Your Health Insurance Premium Dollars Go? So, where does that money actually go? Health insurance premiums help insurers pay for the healthcare services used by members. According to information published by Blue Cross and Blue Shield of North Carolina, a significant portion of premium dollars goes toward paying for...
