The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to lower your costs with a premium tax credit.When shopping for a plan, keep in mind that the plan with the lowest monthly premium may not be the best match for you. If you need much health care, a plan with a slightly higher premium but a lower deductibleThe amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself.Refer to glossary for more details. may save you a lot of money.After you enroll in a plan, you must pay your first premium directly to the insurance company — not to the Health Insurance Marketplace®.Related contentHow to pay your first premiumSmall businesses: how to pay your premium through the SHOP MarketplaceEstimate your total health care costs — including more than just the premiumLearn more about premium tax creditsA tax credit you can use to lower your monthly insurance payment (called your “premium”) when you enroll in a plan through the Health Insurance Marketplace®. Your tax credit is based on the income estimate and household information you put on your Marketplace application.Refer to glossary for more details.