If a person does not have to pay more than $3,000 in a year for health care expenses, this is called their

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The term "maximum out-of-pocket" refers to the maximum amount of money that a person is required to pay in a given year for covered health care services. Once this amount is reached, the insurance company covers the remaining costs for the year. In this case, the person in question would not have to pay more than $3,000 in a year for health care expenses, so their maximum out-of-pocket expense would be $3,000.

If a Person Does Not Have to Pay More Than