Suze Orman Warns MOOP Is An Overlooked Risk In Health Insurance Plans. Here’s Why She Advocates Having Two Years Of Savings To Cover It

Health insurance limits costs but doesn't eliminate them, with out-of-pocket expenses like deductibles and copays potentially reaching thousands annually. Maximum out-of-pocket (MOOP) limits can be up to $10,600 for individuals and $21,200 for families on employer or ACA plans, and up to $9,250 for Medicare Advantage. It's crucial to have emergency savings covering at least two years of MOOP to handle ongoing medical expenses. Building this fund involves setting clear targets, automating savings, and using high-yield accounts for accessibility and growth.