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Health Insurance Terms for the Layperson…or “What the heck does all this jargon mean?”
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Health Insurance
Health Insurance Terms for the Layperson…or “What the heck does all this jargon mean?”
February 7, 2023 by Patrick A Vanderbilt in Health Insurance

Health insurance is a critical aspect of one's financial planning, as it protects individuals and their families against unforeseen medical expenses. Understanding the terms and conditions of a health insurance policy is crucial to make informed decisions and choose the right coverage. In this article, we will explain two important terms in health insurance policies - Deductible and Out-Of-Pocket Maximum. The deductible is the amount that must be paid by the policyholder before insurance coverage kicks in. The Out-Of-Pocket Maximum is the limit on the total amount that a policyholder has to pay for covered expenses during a policy year. Understanding these terms will help you make the most of your health insurance policy and choose the right coverage for you and your family.

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