Out-of-Pocket Expenses


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Out-of-Pocket Expenses

Expenses that one must pay from one's personal, instead of business, income. Out-of-pocket expenses include mundane, recurring expenses such as paying the home electric bill or buying groceries. Often, however, the term refers to expenses incurred by an employee in the service of the employer. For instance, an employee may buy a more efficient computer program to accomplish his/her office work. These out-of-pocket expenses are usually reimbursed by the employer. Some out-of-pocket expenses, especially those related to education or health care, are tax deductible.
References in periodicals archive ?
Perhaps the important thing to consider, if you're planning on living in the home for a long period, might be to pay cash for out-of-pocket expenses to get a lower rate and monthly payment.
If a family with low out-of-pocket expenses were required to pay a portion of the plan premium, the family's total cost for health care might approach that of a family with higher out-of-pocket expenses and no required premium.
Since travel expense can be included as part of the contingency fee, the contract audit eliminates this out-of-pocket expense and further eases budget pressures.
Bowen's proposal would cap out-of-pocket expenses for Medicare beneficiaries at $2,000 a year if they pay an additional $4.
The impact of these discounts on out-of-pocket expenses will vary based on the drugs being taken by a beneficiary.
The study found that patients with an out-of-pocket expense greater than $250 were seven times more likely to decline to fill their prescription than patients with an out-of-pocket cost of $100 or less.
Only out-of-pocket expenses qualify for the credit, including loans, gifts, bequests, devises or inheritances (defined in Sec.
At a time when everyone - employers, insurers and consumers alike - are to limit their out-of-pocket expenses, "managed care," also deemed "managed cost," has become the policy of choice when buying health insurance.
Medicare beneficiaries do not have any out-of-pocket expenses if the physician administering the vaccine participates in the program.
Personal Care Note[R], a personal health care statement sent to health plan members that contains actionable suggestions regarding what a member can do to improve the quality of their health care, reduce their out-of-pocket expenses, and take better advantage of their health care benefits;
The filmmakers were able to secure equipment donations from movie industry companies - such as the use of Panavision's 16 mm camera - to reduce out-of-pocket expenses on the production that cost about $35,000.
One of the issues the examining agent generally looks for is the firm's deduction of out-of-pocket expenses it has paid on behalf of its clients.