Which of the following descriptions best describes an insurance premium?

Question

a. The amount paid by the patient before the insurance will begin to make payments. Paid on a yearly basis.
b. The amount paid by the patient for every visit to the doctor. Usually between 15-40 dollars.
c. The amount paid to the insurance agency for a health insurance policy. Usually paid monthly.
d. This is an expense that must be paid by the patient.

Answer 1

The description that best describes an insurance premium is:

c. The amount paid to the insurance agency for a health insurance policy. Usually paid monthly.