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Annual Limit

  • Date updated 2019-03-11
  • Author Dexter Brooks
  • Categories
  • General Questions

What is Annual Limit?

A cap on the benefits your insurance company will pay in a year while you’re enrolled in a particular health insurance plan. Caps are sometimes placed on particular services such as prescriptions or hospitalizations. Annual limits may be placed on the dollar amount of covered services or on the number of visits that will be covered for a particular service. After an annual limit is reached, you must pay all associated health care costs for the rest of the year.

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Knowledge Base Authors

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    Dexter Brooks
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