A deductible is the amount you must pay before your insurance starts to cover your medical expenses. Once you meet your deductible, coinsurance kicks in. The out-of-pocket maximum is the most you will have to pay for covered services in a policy period, usually one year. After you reach this limit, your insurance will cover 100% of your medical costs. It's crucial to understand both your deductible and out-of-pocket maximum when undergoing cancer treatment.
