The maximum amount you would typically have to pay for covered medical expenses in a year is called the out-of-pocket maximum. This is the total amount you would need to pay out of your own pocket before your insurance coverage takes care of 100% of the costs. The out-of-pocket maximum can vary significantly depending on your health insurance plan and can range from a few thousand dollars to several tens of thousands of dollars. It's important to check your specific insurance plan to determine the exact out-of-pocket maximum for covered medical expenses.
