A premium is defined as?

• A. A one-time enrollment fee
• B. The deductible amount
• C. The co-pay per visit
• D. A set monthly payment to maintain coverage

Answer: (D)

In health insurance, a premium is the ongoing amount you pay to keep your policy active. It’s usually a set monthly payment (though some plans bill quarterly or annually) that you pay whether or not you use any services. The other costs—deductible and co-pay—are paid only when you receive care or meet a spending threshold; the premium isn’t tied to a specific visit or service. A one-time enrollment fee, if present, is a separate upfront charge, not the ongoing premium. So the best definition is the set monthly payment to maintain coverage.