out-of-pocket medical expenses


Also found in: Acronyms.

out-of-pocket medical expenses

Those health-related costs that are not reimbursed by a health insurance plan, including copayments, deductibles, and the cost of services that are not covered by the insurer.
Synonym: out-of-pocket expenses.
References in periodicals archive ?
35) One study of breast cancer patients found that patients with comprehensive health insurance shouldered $1,455 in monthly out-of-pocket medical expenses, with indirect costs accounting for more than half of these expenses.
And 33% of working-age Americans spent 10% or more annually on these out-of-pocket medical expenses, compared with 21% in 2001.
According to a reform strategy proposed in an article in the Columbia Business Law Review, it may behoove businesses facing personal injury lawsuits to promptly pay injured parties for out-of-pocket medical expenses and lost wages.
Home ownership, state and local taxes, charitable donations, out-of-pocket medical expenses, and miscellaneous expenses are all deductible.
Lastly, an individual's annual income may be reduced by unreimbursed or out-of-pocket medical expenses.
Cancer patients had the highest out-of-pocket medical expenses, at an average of $35,000--more than triple the average patient's bills.
Health savings accounts allow workers to contribute pretax dollars to an account to pay for out-of-pocket medical expenses.
HSAs, which allow employees to contribute pretax dollars to an account to pay for out-of-pocket medical expenses, were passed as part of The Medicare Prescription Drug and Modernization Act of 2003 and became available for the first time on Jan.
Nowadays patients are accustomed to low out-of-pocket medical expenses, and big companies are expected to give their employees gold-plated health insurance policies.
What should be done instead is to have uniform income levels but allow patients to deduct out-of-pocket medical expenses in meeting the income requirement.
General Electric yesterday said it faces a showdown early next year with 14,000 workers after their union voted to authorise a strike if the conglomerate raises their out-of-pocket medical expenses.