{"id":49661,"date":"2024-12-11T06:20:00","date_gmt":"2024-12-11T10:20:00","guid":{"rendered":"https:\/\/www.univistainsurance.com\/?p=49661"},"modified":"2024-12-10T18:28:07","modified_gmt":"2024-12-10T22:28:07","slug":"obamacare-plan-basics","status":"publish","type":"post","link":"https:\/\/www.univistainsurance.com\/blog\/obamacare-plan-basics\/","title":{"rendered":"Understanding Obamacare Basics: Deductible, Coinsurance, and Out-of-Pocket Maximum"},"content":{"rendered":"\n

Before selecting a health plan under Obamacare, it’s essential to understand the key components of your policy: deductible, coinsurance, out-of-pocket maximum, and copay. These factors determine how much you’ll pay for medical services and how to maximize your insurance benefits.<\/p>\n\n\n\n

What Is the Out-of-Pocket Maximum?<\/strong><\/p>\n\n\n\n

The out-of-pocket maximum is the annual cap on what you’ll pay for covered medical services, including deductibles and coinsurance. Once you reach this limit, your insurer covers 100% of eligible costs for the remainder of the year.<\/p>\n\n\n\n

Practical Example:<\/strong>
Your plan states:<\/p>\n\n\n\n