Looking for a health insurance policy, and came across the term "Out of Pocket Limit"(or"maximum"). I am a little confused with regard to the part that references "$6000 individual/$12,000 family". Everything is paid 100% after the limit is reached. The policy would be for my spouse and me (family of 2).
Here is my confusion. If I were to be hospitalized and the bill was $15,000, would I pay $6,000 or $12,000? Explanations would be appreciated.
Here is my confusion. If I were to be hospitalized and the bill was $15,000, would I pay $6,000 or $12,000? Explanations would be appreciated.