Author Topic: out of pocket  (Read 1467 times)

rdmoore2003

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out of pocket
« on: April 17, 2009, 01:14:11 PM »
what would be the best way to explain to someone about out of pocket?
Regina

Pay_My_Claims

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Re: out of pocket
« Reply #1 on: April 17, 2009, 02:34:18 PM »
The maximum amount of money you have to pay during each benefit year.

Michele

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Re: out of pocket
« Reply #2 on: April 17, 2009, 09:11:05 PM »
Once the out of pocket is met, insurance carriers pay all covered expenses at 100% of the allowable amount.  So as Pay_My_Claims said, it's the maximum amount that a patient would be required to pay out of their pocket for medical expenses in a benefit year.

Michele
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