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Something that's premium is much better than average — it's excellent, in fact. A premium seat at a rock concert is right up front, with a great view of the stage.
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When premium is a noun, it means the money you pay each month for your car insurance or a charge that's added on top of a standard payment. It also means a prize or reward. As an adjective, premium implies something of superior quality that probably costs more too. Premium comes straight out of Latin, meaning “reward.” It was first used as an adjective around 1925, in the phrase 'premium butter.'
If you don't qualify for premium-free Part A, you can buy Part A. People who buy Part A will pay a premium of either $252 or $458 each month in 2020 ($259 or $471 in 2021) depending on how long they or their spouse worked and paid Medicare taxes. If you choose NOT to buy Part A, you can still buy Part B. A sum of money or bonus paid in addition to a regular price, salary, or other amount: Many people are willing to pay a premium to live near the ocean. Health Plan Premium rates for Postal and Non-Postal employees. This includes biweekly and monthly premiums, total premiums, the amount the government pays, and the change in your portion of the premium compared to last year. A sum of money or bonus paid in addition to a regular price, salary, or other amount: Many people are willing to pay a premium to live near the ocean. Make the best impression with writing that speaks for itself. Learn about Grammarly Premium's advanced feedback on clarity, vocabulary, tone, and more.