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Insurance Jargon
Out-of-pocket maximum
Commonly used in healthcare and medical settings
Literal Meaning
Maximum yearly payment
Actual Meaning
The MOST you'll pay in a year. After this, insurance pays 100% of everything.
Examples in Context

The doctor noted Out-of-pocket maximum on the chart.

Helpful Tips
  • 1Remember: Out-of-pocket maximum means Most you pay in a year before insurance covers 100%
Phrase Thesaurus
Similar words and synonyms for this phrase
max out-of-pocket
spending cap
annual limit
Related Phrases
Click to explore related phrases in our collection
Deductible
Coinsurance
Copay

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