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Health Insurance Out-of-Pocket Maximums
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What is the maximum amount of money an individual or family is required to pay for covered healthcare services before the health insurance company begins to pay 100% of the costs?
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A
Out-of-Pocket Maximum
💡 Explanation:
The out-of-pocket maximum is the most an individual or family will have to pay for covered healthcare services in a given year before the health insurance company starts to pay 100% of the costs.