An insurer with an annual out-of-pocket limit does not have to pay for an individual’s medical expenses once reaching the limit set. This means the one being insured may not be able to afford a procedure that he needs. Let’s use Craig for an example. If Craig has cancer, he may have cancer treatment such as chemotherapy and other procedures that will become expensive quickly. Craig’s doctor believes that this next surgery will remove the malignant cells in his body; however, Craig has reached his annual out-of-pocket limit. This means that if Craig must wait another year or pay for the procedure out of pocket. Although I do not believe that an annual out-of-pocket expense is beneficial, I do recognize that no annual out-of-pocket limit could cause cost-sharing to increase in price. Although increasing the expense of cost-sharing is not seen as beneficial, individuals will never be expected to pay for all of a medical
An insurer with an annual out-of-pocket limit does not have to pay for an individual’s medical expenses once reaching the limit set. This means the one being insured may not be able to afford a procedure that he needs. Let’s use Craig for an example. If Craig has cancer, he may have cancer treatment such as chemotherapy and other procedures that will become expensive quickly. Craig’s doctor believes that this next surgery will remove the malignant cells in his body; however, Craig has reached his annual out-of-pocket limit. This means that if Craig must wait another year or pay for the procedure out of pocket. Although I do not believe that an annual out-of-pocket expense is beneficial, I do recognize that no annual out-of-pocket limit could cause cost-sharing to increase in price. Although increasing the expense of cost-sharing is not seen as beneficial, individuals will never be expected to pay for all of a medical