out-of-pocket costs
You pay directly
Out-of-pocket costs are expenses you pay directly from your own funds rather than having them covered by insurance, an employer, or another party.
In healthcare, these include deductibles, copays, and coinsurance—what remains after insurance pays its share: Our out-of-pocket costs for the surgery came to three thousand dollars.
The term appears in any context where personal payment is distinguished from reimbursed or subsidized expenses.
- co-paymentPatient's fixed contribution
- deductibleOut-of-pocket threshold amount
- premium paymentFee for insurance coverage
- flexible spendingReallocatable financial allowance
- MedicaidPublic health coverage for poor
medical bills · insurance coverage · application fees · loan repayment · legal fees · coinsurance · generic drugs · prior authorization · brand-name drugs · formulary · doctor visits · copayments · universal healthcare · general practitioners · network provider · emergency room · surprise billing · reimbursement
- expensesexpenses, expense, expenditure, rent, bill
- medical costsmedical bills, hospital bills, medical expenses, copays, deductibles
- healthcare systemshospital system, public hospitals, health plan, HMO, single payer
- Canadian Healthcarehealth card, health cards, universal coverage, single-payer, universal healthcare
- health insurancepremium, deductible, copay, coverage, health insurance card
- drug pricingdrug prices, drug pricing, pricing models, pricing strategy, price controls