Planning for out-of-pocket costs a critical component of health plan affordability

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Comparing health plans can be difficult. With so many variables in play, many people focus on two amounts: the amount they will need to pay each month to maintain their coverage (the premium) and the amount they will need to pay before the insurance will begin covering major medical expenses (the deductible). However, the maximum amount an insured is responsible for paying out of pocket in a year (the out-of-pocket limit, or out-of-pocket maximum) is also a critical component of ...

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