This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Out-of-Pocket Maximum

In Health Insurance, a stop loss provision that defines the maximum dollar amount an insured must pay in out-of-pocket expenses during the year. Once an insured reaches the out-of- pocket maximum the insurer pays 100% of all future eligible expenses for the remainder of the year.

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Welcome To the Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please read our Press Release.