After you’ve met your deductible amounts (remember, your deductible counts toward your out-of-pocket maximum), your insurance kicks in to cover costs from in-network providers. However, you still have $3,500 to go before you hit your maximum, how do you get there? You continue to pay...
What’s the difference between a deductible and an out-of-pocket maximum? Your deductible is the amount of money you have to pay for eligible healthcare services before your insurance plan covers costs. Your out-of-pocket maximum is the amount you must spend on eligible expenses before your ...
Coinsurance: A percentage of the medical costs a person is responsible for after meeting their deductible Out-of-pocket maximum: The maximum amount a person has to pay in a policy year before their provider pays 100% of covered services Network: A group of healthcare providers contracted with...