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39 votes
How do premium, copay, coinsurance, deductible, and out-of-pocket maximum all work together in the world of health insurance?

User Ruslangm
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1 Answer

15 votes
15 votes

Answer:

When you reach your out-of-pocket maximum, your health insurance plan covers 100% of all covered services for the rest of the year. Any money you spend on deductibles, copays, and coinsurance counts toward your out-of-pocket maximum. However, premiums don't count, and neither does anything you spend on services that your plan doesn't cover.

Step-by-step explanation:

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User Plywood
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