what is a health insurance payout limit
Simply put, a limit is the highest amount Allstate will pay you for a claim that your insurance policy covers. For example, if your limit is $100,000 and the cost of your accident is $105,000, you'll have to pay the remaining $5,000. You'll often see coverage limits that look like this: $50,000/$100,000. The first number, $50,000, is the maximum amount your coverage will pay per person in an accident. The second number, $100,000, is the maximum your car insurance will pay for the total accident. A higher coverage limit means a higher payout to you on a covered loss.
Ask about copayments. A copay is a charge that your insurance company requires you to pay out of pocket for a specific service. For instance, you may have a $20 copay for each office visit. In the past, copays for mental health visits may have been greater than those for most medical visits.