22/07/2026
Two terms that confuse almost everyone π
π PREMIUM:
The amount you pay (monthly/quarterly/annually) to keep your insurance active.
Example: You pay β±800/month to maintain your health insurance.
π DEDUCTIBLE:
The amount YOU pay out-of-pocket before your insurance starts covering costs.
Example: Your plan has a β±5,000 deductible. You pay the first β±5,000 of a hospital bill - insurance covers the rest.
Lower deductible = higher premium (you pay more monthly, less when you claim)
Higher deductible = lower premium (you pay less monthly, more when you claim)
Understanding this helps you pick the RIGHT plan for your budget and health needs.
π¬ Which term was most confusing to you before reading this?
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