Lifetime Maximum
A lifetime limit on the total amount your insurance company will cover for your health care expenses.
Detailed Explanation
The Affordable Care Act prohibits lifetime limits on essential health benefits for most health insurance plans.
Practical Example
John's old insurance plan had a $1 million lifetime maximum. If he had developed a chronic condition requiring extensive and expensive treatment over many years, he could have potentially reached this limit, leaving him responsible for further costs. Thankfully, the ACA has eliminated such restrictive limits on essential care.
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