The phrase "pocket maximums" refers to the maximum amount of money that a person has to pay out of their own pocket for certain expenses, such as healthcare costs, before their insurance starts to cover the rest. Full definition
More and more people are choosing comprehensive coverage plans, as those plans provide you with better coverage and limit your out of pocket maximum liability. (insubuy.com)
The ACA also created a health insurance subsidy that lowers the out - of - pocket maximum for eligible people of modest means, and that will continue to apply in 2018. (verywell.com)
Also, many policies that feature lower deductibles ($ 1,000 - $ 3,500) often include out - of - pocket maximum limits as much as $ 7,000. (majormedicalhealth.com)