Maximum out-of-pocket expense

{
  "id": "MLC-T-ECS-001142",
  "term": "Maximum out-of-pocket expense",
  "field": "Economic statistics",
  "definition": "Maximum dollar amount a plan participant is required to pay out of pocket during a year, in addition to the plan deductible.\n\nNote: Until the maximum out-of-pocket expense is met, the plan and the member share in the cost of covered expenses. After the maximum is reached, the insurer pays all covered expenses.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/maximum-out-of-pocket-expense/"
}