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How does health insurance work? | |
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What is a Lifetime Maximum? Typically, a lifetime maximum is the amount your insurance plan will pay for covered medical expenses in the course of your lifetime. Since the health insurance plan has a lifetime maximum of $5 million, and as you pay your deductible, coinsurance and out-of-pocket limit each year, the insurance company will pay for all remaining covered medical bills up to a maximum of $5,000,000 in your lifetime. |
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