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Definitions from WordNet

Definitions from the Web

Exchange Premium

Description:

An exchange premium refers to the amount of money paid by an individual or business to obtain an insurance plan through a healthcare exchange or marketplace. It is the cost of the insurance coverage purchased.

Sample sentences:

• The exchange premium for a comprehensive health insurance plan can vary depending on a person's age and location.
• Before selecting a healthcare plan, it is essential to compare exchange premiums to find the most affordable and suitable option.
• The government offers subsidies to help lower-income individuals and families cover their exchange premiums.
• Some employers provide financial assistance by contributing a portion of the exchange premium for their employees.

Related products on Amazon:

• Health Insurance Plans
• Healthcare Exchanges
• Health Insurance Subsidies