Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

What happens to my premium if I increase the deductible?

Sagot :

tutorconsortium640

A deductible is the amount you pay for health care services each year before your health insurance begins to pay. In most cases, the higher a plan's deductible, the lower the premium.

What is premium?

The premium is the sum that the insured pays on a regular basis to the insurer to cover his risk. The risk is transferred from the insured to the insurer under an insurance arrangement. The insurer levies a fee known as the premium in exchange for taking on this risk.

Numerous insurance policies need payment of premiums, including health, homeowner's, and rental insurance. Auto insurance premiums are a typical illustration of an insurance premium.

The term "premium benefit" refers to an employment benefit that is greater than the benefit due to the employee for an equivalent period of work performed during the regular work, such as seniority, group life insurance, health insurance, disability insurance, sick leave, annual leave, or an educational or pension benefit.

To know more about premium visit:

https://brainly.com/question/16845751

#SPJ4

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.