The phrase "average total premium" is correct and usable in written English.
It can be used in contexts related to finance, insurance, or any situation where you are discussing the mean value of total premiums paid or received.
Example: "The average total premium for health insurance has increased significantly over the past year."
Alternatives: "mean total premium" or "typical total premium".
This latest survey by the Kaiser Family Foundation and the Health Research and Educational Trust found that the average total family premium climbed above $15,000 in 2011, with the worker paying roughly $4,100 and the employer about $10,900.
Employees paid, on average, about 23 percent of total premium costs last year, and are expected to pay nearly a quarter in 2013, as companies take steps to control their costs.
Moreover, the introduction of the new Health Insurance Act induced strong price competition among health insurers, resulting in an overall loss of on average 1.5% of total premium revenues of basic insurance in the period 2006 2008 [ 6– 9].
In the same period, the claims ratio, or the amount paid in claims against the total premium amounted to the average of only 65% and in 45% of insurance cases reimbursed health expenditure did not exceed 20 GEL (less than 5% of total household consumption) [ 40].
Among large employers (those with 500 employees or more), workers now pay an average of $342 a month for family coverage, or 32 percent of the total premium cost.
Sales surged 14.4% to $7.4 billion from $6.4 billion a year ago, as higher average membership in Medicare Advantage and higher premium yields for the program's products, pushed total premium and administrative service fees up about 14.0% during the quarter.
Total premium and administrative fees were up 19percentt from the previous year, largely because of an increase in average Medicare Advantage membership, the company said.
Net premium paid to establish the spread amounts to $0.425 each, or total premium of $4.250 million.
And the total premium paid in is $120,000 (in red).
For our first cost estimate – the average premium contribution of formal sector workers – to accurately represent the average cost of BHI, the contribution rates that are stipulated in the 1998 central government policy need to be sufficiently high, so that the total premium contributions to the BHI cover total costs.
