out-of-pocket

listen to the pronunciation of out-of-pocket
English - English
Alternative spelling of out of pocket
oop
Out-of-pocket expenses are those which you pay out of your own money on behalf of someone else, and which are often paid back to you later. see also pocket
calling for the spending of cash; "his out-of-pocket costs were $10
the portion of health services payments required to be paid by the enrollee, including copayments, coinsurance, and deductibles
Money spent by members for health/medical care that the health plan either requires them to pay (such as a deductible or co-pay) or does not cover Does not include health insurance premium payments
Copayment, coinsurance and/or deductible paid by the beneficiary
The maximum amount that you need to pay for eligible medical expenses during each calendar year After you reach the Plan's out-of-pocket limit, the Plan pays 100% of covered expenses, except for substance abuse treatment, for the rest of the calendar year
calling for the spending of cash; "his out-of-pocket costs were $10"
Costs patients pay with their own moneyBack to Top
Those medical expenses that the employee is required to pay (i e out-of-pocket expenses) because they are not covered under the employee benefit plan Generally refers to the coinsurance amount the employee is required to pay as opposed to any deductible
Payments you must make if you visit an out-of-plan provider or if you obtain a service not covered by your policy
Lacking funds, or suffering a loss

After three races he was £10 out of pocket.

Of or pertaining to the spending of cash rather than using credit

I had lots of out-of-pocket expenses.

out of reach
{s} low on cash; having lost or earned money in a transaction
out-of-pocket
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