Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

When you sign up for health insurance, your company will provide information about your out-of-pocket maximum. This is a predetermined amount that you must reach in a year before all your medical care ...

Out-of-pocket expenses include deductibles, copays, and coinsurance until a maximum is reached. Choosing a health plan aligned with expected annual healthcare costs can optimize expenses.

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...