out-of-pocket expenses

Out-of-pocket expenses are costs for healthcare services that you pay directly, rather than being covered by your insurance. These include deductibles, copayments, and coinsurance amounts, as well as services not covered by your plan. Essentially, it's the money you personally spend when receiving medical care until your insurance contributes or the coverage limits are reached. Knowing these expenses helps you budget for healthcare costs and understand your financial responsibility when seeking medical treatment.