Health Insurance Quotes and Premiums

What is included in health insurance quotes?

A health insurance quote is the monthly cost of health insurance. This is also known as the monthly premium.

The cost of your health insurance quote is based on these factors:

Coverage for you only, or you and family members (a family plan has a higher premium)
Deductible amounts (a plan with a higher deductible has a lower premium)
Coverage amounts (a plan that provides more coverage has a higher premium than one with less coverage)
Network (a plan with a larger network has a higher premium than one with a focused network)

What are other costs of health insurance?

The cost of health insurance includes the monthly premium as well as out-of-pocket costs. These costs include deductibles, copays and coinsurance. The deductible is the amount you pay before insurance kicks in. The copay and coinsurance are the amounts you pay for covered services.

Premiums are set each year. Out-of-pocket costs vary, based on the plan you select and the healthcare services you use.