Sunday, April 3, 2011

Need explanation for Health insurance benefits?

For my health insurance I have to pay : Out-of-Pocket Max : $3000 individual and $9000 family I am trying to figure out what exactly that means. Does it mean that the limit of out of pocket maximum per person is $3000. So for any one person in my family I am not supposed to pay more than $3000? Please explain. Thank you.
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It means, once you've paid $3,000 per person, or a total of $9,000 that year, you don't have to pay any more coinsurance for covered procedures.
Source

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