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Regarding health insurance what does max. out of pocket mean? |
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Answer
Maximum out of pocket costs is the maximum amount you would have to pay (take out of your pocket) per year. I beleive this is total for all incidents. This is an annual cost., ie, must be payed each year you have an accident/hospitalization. You would also have a deductable amount that you or your company selected when you purchased the insurance policy. May also say 80/20 You pay 20 percent, insurance company normally pays other 80 percent.
First answer by ID1275366679. Last edit by ID1275366679. Question popularity: 17 [recommend question]
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