What is “maximum out of pocket?”
This is a yearly limit that a person has to pay for covered services according to her health plan. The following count toward this maximum out-of-pocket amount:
- Deductibles
- Copayments
- Coinsurance
After you spend this amount on deductibles, copayments, and coinsurance, your health plan pays 100% of the cost of covered benefits. This limit does not apply to services that are not covered by the plan.
More questions about insurance terminology? Please review the resources below:
Recent posts
March 17, 2021
NAVIGATING YOUR BREAST AND OVARIAN HEALTH IN THE (NEVER-ENDING) ERA OF COVID
It has been almost a year since most of us found ourselves in the completely unchartered territory of “sheltering in…
Read more about NAVIGATING YOUR BREAST AND OVARIAN HEALTH IN THE (NEVER-ENDING) ERA OF COVIDFebruary 25, 2021
I Am Glad to Know: The Importance of Carrier Screening Through the Voice of a Carrier
This Sunday, February 28th, is #RareDiseaseDay! To raise awareness and support for the rare disease community, Myriad Women’s Health partnered…
Read more about I Am Glad to Know: The Importance of Carrier Screening Through the Voice of a CarrierDecember 23, 2020
Myriad’s 7 Greatest Hits in 2020
Before we say goodbye to 2020, we’d like to thank and recognize our partners. Together, we ensure patients have access…
Read more about Myriad’s 7 Greatest Hits in 2020