What is an example of a liability in health insurance?

The deductible that must be met is considered a liability in health insurance because it represents an amount the insured individual must pay out-of-pocket before the insurance company begins to pay for covered services. This financial obligation is a key feature of many health insurance policies and directly impacts the insured's financial responsibility.

In contrast, premiums are the regular payments made to keep the health insurance policy active and are considered an expense, not a liability. The cost of non-covered services refers to expenses that the insurer does not pay for and therefore does not constitute a liability within the insurance framework. Lastly, the out-of-pocket maximum limit is the cap on how much an insured person has to pay for covered services in a plan year; while it indicates the most one may have to spend, it does not create a liability in the same sense as a deductible does, as it's not an amount that must be paid before coverage starts.