Question

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

Answer 1

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:

Please give a thanks or 5 stars if this helped!