What is Out-of-Pocket Maximum? | LIFE-HEALTH Exam Prep

The out-of-pocket maximum is the most you have to pay for covered healthcare services in a plan year, after which your insurance pays 100% of covered costs. 📚 Learn more about Out-of-Pocket Maximum and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Out-of-Pocket Maximum definition: https://www.open-exam-prep.com/glossary/out-of-pocket-maximum 💡 Exam Tip: OOPM = most you pay per year. Premiums DON'T count. After max, insurance pays 100%. --- #insurance #examprep #financeexam #life-health