A premium is defined as the amount of money required for coverage under a specific insurance policy for a given period of time. The requirement to pay a premium for CHIP is controlled by an environment variable. If this value is set, families with eligible children (unless exempt) are required to pay a premium to receive CHIP coverage.
The premium details viewable are the premiums payable for CHIP coverage for household members in the assistance unit. The billing, collection and allocation of these premiums is handled by an external vendor.