Your out-of-pocket maximum for Medicare Advantage plans is not a deductible. Your out-of-pocket maximum is the highest yearly amount you will pay out of pocket for healthcare services.
This maximum is one of the large differences between Medicare Advantage plans and standard Medicare programs that offer fee-for-service plans. Once you have reached your cap, Medicare Advantage will cover 100% of medical costs for the rest of the year.
This annual cap does not include monthly premiums. It does include deductibles, coinsurance, and copayments. Your out-of-pocket maximum may differ depending on your Medicare Advantage plan, and it is subject to change from year to year.