What are out-of-pocket expenses?

Out-of-pocket expenses are the amounts you will pay, in addition to your monthly premium, if you require medical care. There are four key terms that define how you'll pay for medical expenses throughout the year: Deductibles, Coinsurance, Copayments, and the Maximum Out-of-Pocket Amount.

Check out our handy insurance guide here if you want more health insurance hacks and know-how!

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