An out-of-pocket expense is any cost you have to pay yourself when receiving medical care. This includes your deductible, co-payments, and coinsurance. Most Michigan health insurance policies have an annual maximum out-of-pocket expense. Once you’ve reached your maximum out of pocket in a calendar year, your insurance company will pay 100% of the rest of your covered medical costs.

About the author

Billy Bj Strawter Jr wrote 133 articles on this blog.

My name is BJ Strawter. My grown up name is Billy. Which means everyone calls me Bill. I am an entrepreneur. My first business was a dance club. Next to a police station. First lesson on the importance of location in business.

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Originally posted 2009-07-31 18:42:02. Republished by Blog Post Promoter

Tags: co-payment, coinsurance, deductible, health insurance, out of pocket expense