Learn more about health insurance premiums and how to pay them below. To understand how a premium fits with other health care costs, read about paying for health care.
How does my premium relate to my health care plan?
The premium amount is related to your health plan’s benefits. Typically, the higher the deductible is, the lower your premium will be, and vice versa. It’s important to consider the premium and deductible together when you are choosing a plan. For example:
Janet is healthy and rarely goes to the doctor. She decides a plan with a high deductible will work best for her. The monthly premium will be lower, but she still has protection if she does need to get medical care for something major.
David has an ongoing health condition that requires him to see his doctor regularly. He chooses a low deductible plan. He knows he will pay a higher monthly premium, but his health plan will start paying for his medical bills sooner than if he had to meet a high deductible.
How do I make health insurance premium payments?
You pay your premium based on how you get your plan. If you have health insurance from work, your employer will take premiums from your check automatically. If you have your own health plan, you will make payments directly to the insurance company.
Your plan is only active when you pay the premium, so it’s important to pay on time. If you pay directly, Blue Cross and Blue Shield of Minnesota and Blue Plus have payment options to pay online or to set up automatic withdrawal.