Basic Premium

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Basic Premium

The portion of a life insurance premium that a policyholder pays, usually monthly, that compensates the insurer for administrative expenses, commission for the agent who sells the policy, and the likelihood that that policyholder will die in the coming year.
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Over the past three years, average Part D basic premiums have decreased by 13.5 percent, from $34.70 in 2017 to a projected $30 in 2020, saving beneficiaries about $1.9 billion in premium costs over that time.
According to it, the premiums for compulsory third party liability insurance will be four times higher than the basic premiums for Bulgarian drivers with biggest number of road violations.
Now one must expect that in order to allow additional charges above the basic premiums based on age, sex, marital status, use of auto, and such other classification critieria (not forgetting territory), these "eligibility points" must be hard to come by.
Table 4 displays the shortfall probabilities for basic premiums (Part (a)) as well as for fair premiums (Part (b)).
It is 30% of basic premiums paid, excluding the first- year premium.
Basic premiums are checked by the Federal Office of Public Health and approved or rejected, in which case they are corrected.
"But now, because of exactly the same ruling banning gender based pricing, men and women will have to pay the same basic premiums.
Average basic premiums that seniors pay for Medicare Part D prescription drug plans should remain steady at around $30 in 2013, according to the Health and Human Services department.
Remember from 21 December, 2012, changes to the EU Gender Directive mean men and women must pay the same basic premiums. This means women will be likely to see an increase in the cost of their income protection policies, where men have traditionally paid less.
In the past few years, basic premiums have come down substantially due to de-tariffing.
Officials say the basic premiums paid by Part D enrollees cover about a quarter of the cost of the standard Part D drug benefit.
Not surprisingly, of all of the common coverages purchased by associations, event cancellation has been the most volatile, with basic premiums having increased since September 11, 2001, by 50-100 percent.
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