out-of-pocket expenses
You pay yourself
Out-of-pocket expenses are costs you pay directly from your own funds rather than having them covered by an employer, insurance, or other entity.
The term appears frequently in healthcare, business travel, and tax contexts: My out-of-pocket expenses for the surgery came to three thousand dollars.
These are distinguished from reimbursed or prepaid costs—money that actually leaves your pocket.
- deductiblesPre-coverage personal payments
- reimbursementPayment for incurred expenses
- claim formDocument requesting payment owed
- co-paymentsPatient's fixed medical fee
- out of networkBeyond insurance agreement bounds
Medicare · healthcare · insurance · medical emergencies · medical bills · toll charges · baggage fees · premiums · burden · over-the-counter medications · parking fees · cost-sharing · health savings account · vision care · employee benefits · benefits · tuition fees · child care
- damagescompensatory, punitive, punitive damages, nominal, actual
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