45 definitions of DPN. Meaning of DPN. What does DPN stand for? DPN abbreviation. Define DPN at AcronymFinder.com
Out-of-pocket maximum/limit. The most you pay during a policy period (usually one year) before your health insurance or plan starts to pay 100% for covered essential health benefits.
Out-of-pocket maximum is the most you could pay for eligible, in-network health care costs in a year. This amount includes money you spend on deductibles, copays and coinsurance. Once you hit your out-of-pocket maximum, your insurance plan will pay your covered health care and prescription costs for the rest of the year. Example: Let's say you have a plan with a $3,000 annual deductible and 20% coinsurance (your Cigna plan's portion is 80%) with a $6,350 out-of-pocket maximum. You havenât had any medical expenses all year, but then you need surgery and a few days in the hospital. That hospital bill might be $150,000.