Can you max out your health insurance?
Yes, health insurance plans come with plan maximums and benefit maximums.
Plan maximums can be annual maximums, which is the maximum amount to be paid out by the insurance provider in a year, and/or lifetime maximums, which represent the total amount to be paid out by the insurance provider during the lifetime of your policy and/or benefit.
Once you have maxed out your health insurance plan, the insurance company will not reimburse future claims.
Each benefit included in your plan may also have an annual maximum, which will refresh each year.
Plan maximums can be annual maximums, which is the maximum amount to be paid out by the insurance provider in a year, and/or lifetime maximums, which represent the total amount to be paid out by the insurance provider during the lifetime of your policy and/or benefit.
Once you have maxed out your health insurance plan, the insurance company will not reimburse future claims.
Each benefit included in your plan may also have an annual maximum, which will refresh each year.