What term is used to describe the limit on the total amount the insured will have to pay out of pocket after the deductible has been met?

The term used to describe the limit on the total amount the insured will have to pay out of pocket after the deductible has been met is known as the "out of pocket limit." This limit represents the maximum amount that an individual will be required to pay for covered healthcare services within a policy period, which typically includes costs like copayments and coinsurance, in addition to the deductible. Once this limit is reached, the insurance plan will cover 100% of the remaining costs for covered services for the rest of the policy year.

Understanding this concept is essential for consumers to effectively manage their healthcare expenses. The out of pocket limit is a critical measure designed to protect individuals from excessive healthcare costs, ensuring that after they have paid a certain amount, they no longer bear the financial burden for further covered expenses. The other terms listed do not accurately describe this specific financial safeguard, making this the correct choice.