Premium

The amount you pay for your health insuranceA type of insurance that pays for some or all of your medical expenses.
every month. In addition to your premium, you may have to pay other costs for your health care, including a deductibleThe amount you must pay for health care or prescriptions before your health insurance begins to cover the costs. When you have paid this amount in a particular year, this is called "meeting your deductible.", copayments, and coinsuranceThe percentage of the total cost of a healthcare service that you must pay after you have met your deductible..