out-of-pocket costs


Also found in: Dictionary, Financial.
Related to out-of-pocket costs: Opportunity costs, Sunk costs

out-of-pocket costs

Managed care Health care costs that a covered person must pay out of pocket–eg, coinsurance, deductibles, etc. See Copayment.

co·pay·ment

, copay (kōpā-mĕnt, kōpā)
A fixed or set amount paid for each health care or medical service; the remainder is paid by the health insurance plan. In common parlance, copay is the term used.
See also: coinsurance, cost sharing
Synonym(s): out-of-pocket costs, out-of-pocket expenses.
References in periodicals archive ?
Reductions in out-of-pocket costs experienced under these policies are shown in Table 6.
He added: "As we begin to introduce cost information into our DTC TV ads, we will be thoughtful and patient-focused in our approach, communicating both list price and out-of-pocket cost information in ways that enable patients and consumers to understand this information easily."
"In an era of rising drug costs, our goal is to help keep out-of-pocket costs lower for America's seniors.
Across all tiers, the median total out-of-pocket cost of covered medications was $2; significant differences were seen in costs for Medicare Advantage-PDPs (MA-PDPs) and stand-alone PDPs, with MA-PDPs consistently requiring patients to spend more than stand-alone PDPs.
Satisfaction levels may depend partly on the consumers' share of the premiums and partly on the consumers' out-of-pocket cost levels, Rifkin says.
"Satisfaction rates for out-of-pocket costs were much higher among those with traditional coverage than among those with either an HDHP or CDHP, though regardless of plan type, satisfaction with out-of-pocket costs was consistently low," Fronstin said.
If so, you can enroll in it and reduce your out-of-pocket costs like Waltina Holston.
When law firms and some other personal service businesses ("firms") pay out-of-pocket costs on behalf of their clients, it is generally under an agreement with the client that the client will reimburse the costs.
Washington, DC, September 03, 2019 --(PR.com)-- Commenting on several elements of the Senate Finance Committee's pending drug pricing bill, the Senior Care Pharmacy Coalition (SCPC) praised the broad contours of the sweeping legislation and offered strong support for the proposed cap on Medicare Part D beneficiaries' out-of-pocket costs.
But high out-of-pocket costs might stand in the way, a preliminary study suggests.