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exchange premium

 

Definitions from WordNet

Noun exchange premium has 1 sense
  1. agio, agiotage, premium, exchange premium - a fee charged for exchanging currencies
    --1 is a kind of charge

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.

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