What does out-of-pocket maximum mean in health insurance? We break down what an out-of-pocket maximum is, how it works, and why it's essential to know yours. From deductibles to copays, we'll cover everything you need to know to make informed decisions about your health insurance.
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Time codes:
0:00 Out-of-pocket maximum
0:32 Complete cost of health insurance
0:50 Premiums
1:13 Deductible
1:19 Copays
1:25 Coinsurance
2:02 Out-of-pocket maximum reset
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About: Justworks makes it easy for employees to get paid and access great benefits. We handle the nitty-gritty of payroll, benefits, compliance, and global HR, so businesses and teams can focus on growth.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.
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