What is a maximum plan dollar limit?

January 3, 2013/in General /by kenser

The maximum amount payable by the insurer for covered expenses for the insured and each covered dependent while covered under the health plan.

Plans can have a yearly and/or a lifetime maximum dollar limit.
The most typical of maximums is a lifetime amount of $1 million per individual.

NOTE: The Affordable Care Act has removed the ability for insurers to limit plan amounts.

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