For Individual & Family Health Insurance
The amount quoted is an estimated cost of the health plan, which is subject to change based on your medical history, the underwriting practices of the health plan, the optional benefits you selected, if any, and other relevant factors. It may be the sum of estimated premiums and other recurring charges, if the insurance company has such charges.
Insurance companies reserve the right to change the terms of a policy upon proper notification. Please note that definitions of certain terms may vary across insurance companies.For Group Health Insurance
The total amount paid to the insurance company for health insurance coverage. This is typically a monthly charge. Within the context of group health insurance coverage, the premium is paid in whole or in part by the employer on behalf of the employee or the employee's dependents.