The maximum out-of-pocket cost
for prescription drugs in 2015 is $4,700.
A: The maximum out-of-pocket cost
for any marketplace plan for 2015 can be no more than $6,600 for an individual plan and $13,200 for a family plan.
Cost-sharing assistance lowers the out-of-pocket maximum for people who qualify Much like premium subsidies, the maximum out-of-pocket cost
an individual or family pays is based on income.
High-deductible family plans require an annual deductible of at least $3,000, not exceeding $4,500, with a maximum out-of-pocket cost
of $5,500; for individual coverage, an annual deductible of at least $1,500, not exceeding $2,250, with a maximum annual out-of-pocket cost of
Those workers faced a maximum out-of-pocket cost
of $1,000 every year with the MSA.
In addition, the annual maximum out-of-pocket costs
for covered expenses can't exceed $6,450 for a self-only plan or $12,900 for a family plan.
Maximum out-of-pocket costs
for PPACA-approved HealthCare.gov plans for 2015 are $6,600 per individual and $13,200 per family.
"Maximum out-of-pocket costs
have more than tripled over a 10-year period, while premiums to my employer continue to rise two or three times the rate of inflation.
The Obama reforms of unlimited major medical coverage, increased prescription drug benefits and limitations on maximum out-of-pocket costs
are to be added to Medicaid and Medicare, furthering fueling escalating costs of delivering medical care.
Monthly premiums will remain the same for employees, but starting next year the maximum out-of-pocket costs
will drop $1,000 for individual coverage and $2,000 for family coverage.
The MHPA requires parity between these benefits with regard to annual and lifetime dollar limits (but not with regard to co-pays, deductibles, maximum out-of-pocket costs
, outpatient visits, or hospital days).