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Premium
Premium
Premium
Premium
Premium

The following information is about Premium.

Premium Defined

The amount of money a policyholder pays for insurance protection. The amount is deemed necessary to pay current losses, to set aside reserves for anticipated losses, and to pay expenses and taxes necessary to operate the company during the time period for which the policies are in force. Premiums allow the company to generate a reasonable profit that reinforces future solvency and contributes to the company’s growth. In the case of a reciprocal insurer, the premiums allow the company to offer insurance to new applicants without the need for additional capital contributions.The amount of money a policyholder pays for insurance protection. The amount is deemed necessary to pay current losses, to set aside reserves for anticipated losses, and to pay expenses and taxes necessary to operate the company during the time period for which the policies are in force. Premiums allow the company to generate a reasonable profit that reinforces future solvency and contributes to the company’s growth. In the case of a reciprocal insurer, the premiums allow the company to offer insurance to new applicants without the need for additional capital contributions.

This definition is in context to Health Insurance. See more contextual defintions for Premium.


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Talk continues over future of Tamarack

Published December 4, 2008, 8:18 pm, The Register-Herald

Talk is growing, at least with one member of the West Virginia Parkways Authority, of a possible move to see if some private interest might be interested in leasing or buying Tamarack rather than see it turned over to the Commerce Department.

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State PEIA raises premiums, shelves coverage changes

Published December 4, 2008, 8:17 pm, The Register-Herald

The more than 200,000 people who get their health care from West Virginia’s Public Employees Insurance Agency can expect higher monthly premiums or out-of-pocket expenses after June 2009.

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Bottom of the abyss

Published December 4, 2008, 8:05 pm, Mail and Guardian

The map will replace this text. If any users do not have Flash Player 8 (or above), they'll see this message. 'No worse there is none," was the anguished cry of poet Gerard Manley Hopkins -- and it is an apt description of the crisis in Zimbabwe.

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Governor"™s proposed GIC changes won"™t affect Melrose

Published December 4, 2008, 7:53 pm, Melrose Free Press

Gov. Deval Patrick’s proposed changes to the Group Insurance Commission (GIC), which provides health insurance to state employees and municipalities like Melrose that opt to join the commission, would only affect state employees, according to Melrose Human Resources Directory Marianne Long.

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Genetic testing for breast cancer: Psychological and social impact

Published December 4, 2008, 7:08 pm, Mayo Clinic

Genetic testing to estimate breast and ovarian cancer risk may elicit many emotional and psychological reactions. How will getting the news that you've tested positive or negative affect you?

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Bernanke: More needed to cut foreclosures

Published December 4, 2008, 6:11 pm, Journal & Courier

WASHINGTON - Federal Reserve Chairman Ben Bernanke called on the government today to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles.

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Altru Health System looks at cost cutting, plans to trim number of employees

Published December 4, 2008, 5:39 pm, Grand Forks Herald

The poor-performing economy this year has had a predictable effect on the bottom line at Altru Health Systems, leading to cost-cutting agendas and plans to trim the number of employees next year through attrition, a hospital official said Thursday. Advertisement: C & M Ford Sales Inc. Employee Pricing PLUS For a limited time you pay what we pay! Plus up to $6,000 cash back on most ...

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Health plan ignites debate

Published December 4, 2008, 5:35 pm, The Bona Venture

The St. Bonaventure University health insurance options available to faculty and staff effective January 2009 have many university employees struggling to swallow the increase in insurance costs and the administration's lack of communication. "The new health insurance plan is not going to break me, and I won't be as hurt as a lot of people, but I fear people will choose to not get health ...

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PEIA Finance Board approves premium increases for members

Published December 4, 2008, 5:28 pm, The Huntington Herald-Dispatch

CHARLESTON -- The Public Employees Insurance Agency Finance Board voted Thursday to raise premiums for its members for the first time in three years.

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PEIA Changes Approved

Published December 4, 2008, 4:40 pm, WTRF Wheeling

Costs will be scaled according to salary

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