What is the maximum out-of-pocket expense limit for Yvonne's plan?

The maximum out-of-pocket expense limit is a critical feature of health insurance plans, as it determines the maximum amount an insured individual will have to pay for covered healthcare services in a given year. This cap is designed to protect policyholders from excessive costs, ensuring that once they reach this limit, the insurance plan will cover 100% of any additional covered expenses for the remainder of the year.

In Yvonne's case, if the maximum out-of-pocket expense limit is set at $2,500, this means she will only need to pay up to that amount for covered services before the insurance fully takes over any further costs. It is important to understand that this limit typically includes all deductible payments and co-pays for services provided under the plan, providing a clear financial boundary for Yvonne's healthcare spending.

Understanding the significance of this limit helps individuals to manage their healthcare finances more effectively, ensuring that they are aware of the maximum they could be required to pay out of their own pockets within the terms of their insurance plan.