Healthcare expenses can add up over the course of the year, but your health plan includes an important safeguard: an out-of-pocket maximum.
Your out-of-pocket maximum defines the most you will pay for covered services in a year before your plan takes over and pays 100% of eligible costs. It helps protect you from high medical costs, predict your annual health care spending and potentially save you tens of thousands of dollars.
Knowing your out-of-pocket maximum can give you peace of mind, especially during those times in life where you encounter more than usual medical expenses.
You can find out what the out-of-pocket maximum is for your Premera plan by logging into your account online, or through the Premera mobile app available on the Apple app store on through Google Play.
Once you know what the out-of-pocket maximum for your plan is, watch this video to learn:
- When your out-of-pocket maximum becomes relevant
- Why that matters
- Why this feature of your Premera plan important for your health and financial wellbeing
Out-of-pocket maximums are just one important element of your health plan. To learn more about how your health insurance works, view all eight videos in our Health Plan Basics series.
