Answer :
The premium is a cost that is always present when buying insurance. It is the regular amount paid to maintain health coverage, unlike deductibles and co-payments, which depend on service usage.
When buying insurance, there are several potential costs involved, but one cost that is always present is the premium. A premium is the amount paid by a policyholder to an insurance company to purchase and maintain health coverage. While costs like deductibles and co-payments might vary depending on the usage of insurance services, the premium must be paid regularly, such as monthly or annually, regardless of whether any services are used.