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Term:Out-of-Pocket Limit or Out-of-Pocket Maximum
Definition:The maximum dollar amount a member will pay out-of-pocket in coinsurance, copays and/or deductibles in a calendar year for covered indemnity expenses. Once the out-of-pocket limit is met, the plan pays 100% of the allowed amount for covered services for the rest of the benefit period.
Acronym/
Abbreviation:
Out-of-Pocket Limit or Out-of-Pocket Maximum
Acronym Definition:555-555-0199@example.com
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Anonymous on 10/11/2013 04:27:00 AM