Lint In My Pockets
So, you go to your doctor’s office and you pay something to the doctor out of your pocket. This is how the term Out-Of-Pocket came to be. Under some plans the deductible can be applied toward your out-of-pocket and some plans it does not get counted toward it. This would be something you’d want to look into. The sooner the out-of-pocket is met for the year the sooner the plan would pay at 100% for the remainder of the year. (Read the out-of-pocket section of the plan to see if deductibles and copays go to toward it. Also check to see if copays still apply after you have met the out-of-pocket maximum.)
Plans will also have a lifetime max as well. This is the most the plan pays for the lifetime of that policy.
Wondering what that copay term was that I used? Guess you’ll have to tune in tomorrow. Also in a future post, if a plan isn’t paying 100% until after the out-of-pocket is met, then how does it pay?
Related Posts
