"premium contribution" is a correct and usable phrase in written English.
It is commonly used in the context of insurance or benefits, referring to the amount of money an individual or employer pays towards the cost of their coverage. Here's an example: "Employees are required to pay a monthly premium contribution for their health insurance, with the employer covering the remainder of the cost." This means that employees are responsible for contributing a portion of the cost of their health insurance, while the employer also contributes a portion.
However, under those circumstances, he said it would be "no issue" to pay the $158 monthly premium contribution for the subsidized "Silver" plan he would be eligible to purchase through healthcare.gov.gov
After all, the company could argue that without the rebate, it simply could not afford to pay the same share of its employees' health coverage — that the rebate, in other words, kept the employees' premium contribution from going up.
Keep in mind that, according to the Milliman Medical Index, the total medical costs for a typical U.S. family with private employer-based insurance, averaged over some 10 million, came to $19,500 (including the employer-paid premium contribution, the employee's contribution and out-of-pocket spending).
But by raising the deductible to $5,000, your premium contribution goes down to $500 per month.
We execute a simulation to test the effect of permitting employees to receive their employers' premium contribution directly and then purchase health insurance themselves, using tax-free funds.
For example, that the expected net premium contribution in any period is positive to secure cash flow, i.e., ( Pleft t,z,p,qright -Eleft[tilde{C}left(m,v,kright)times tilde{D}left(t,rright)right]ge 0kern0.75em forall t ).
§ 890.1306 Government premium contributions.
Under his new proposal, premium contributions would range from 2percentto12percentcent.
About a tenth offer some sort of financial incentive for participation, like smaller premium contributions, smaller deductibles, higher health-savings account contributions, gift cards, merchandise or even cash.
The compromise would have prohibited the use of the tax subsidies to pay for almost all abortions, but it would have allowed the segregation and use of premium contributions and co-payments to pay for such coverage.
Generally speaking, a private company is entitled to keep the share equivalent to its contribution to its employees' insurance costs, said a Labor Department spokesman who requested anonymity, and is required to allocate the rebate to plan subscribers in the same proportion as those employees' premium contributions.
