Commission for Case Manager Certification (CCMC) Practice Exam

Question: 1 / 400

What does the term premium refer to in healthcare?

The total out-of-pocket costs for healthcare services

An amount paid monthly for insurance

The term "premium" in healthcare specifically refers to the amount paid monthly for insurance coverage. This is a critical component of health insurance, as the premium is the cost that individuals or employers pay to maintain their health insurance policy. It is typically paid regardless of how often one uses healthcare services or whether any claims are made. Understanding premiums is essential for financial planning concerning healthcare expenses, as they are a regular cost that must be accounted for in addition to other potential healthcare expenses such as deductibles and copayments.

Get further explanation with Examzify DeepDiveBeta

The total cost of services provided by a healthcare provider

A fee for using healthcare services

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy