out-of-pocket expenses


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out-of-pocket expenses

n. moneys paid directly for necessary items by a contractor, trustee, executor, administrator or any person responsible to cover expenses not detailed by agreement. They may be recoverable from a defendant in a lawsuit for breach of contract, allowable for reimbursement by trustees, executors or administrators, or deductible by a landlord from a tenant's security deposit for damages beyond normal wear and tear.

out-of-pocket expenses

noun administrative reembursable expenses, defrayal, defrayment, disbursement, entertainment expenses, expenses, individual expenses, itemized expenses, payments, recompense, recoupment, remittance, remuneration, repayment, travel expenses
Associated concepts: out-of-pocket rule
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References in periodicals archive ?
Since many women are unaware of the ACA's contraception coverage mandate, the impact of the mandate will "depend on how sensitive consumers are to out-of-pocket expenses for contraceptives and how many women were dissuaded from using contraceptive products by that expense before the mandate's implementation," they wrote.
That's why we're now offering this service to individuals enrolled in our Assurant Health Access product to help them manage their exposure if they exceed coverage limits and have high out-of-pocket expenses.
People were anxious about the immediate impact of the out-of-pocket expense," Yoder says.
Servicemembers may still have to pay some out-of-pocket expenses if they choose to live above that level.
The district will reimburse The Gilley Group for out-of-pocket expenses, and the firm's compensation will be paid for by the seller of any properties, Cridelich said.
There are many stories about parents who didn't sue, because medical bills and out-of-pocket expenses for a child's injury were taken care of by the camp, or by insurance, or because the camp director went out of the way to help.
An HSA is a tax-exempt trust or custodial account established exclusively to pay qualified medical expenses of the account beneficiary who, for the months for which contributions are made to an HSA, is covered under a high-deductible health plan that satisfies certain requirements as to deductibles and out-of-pocket expenses.
According to P&AB's report, while 62 percent of victims did not incur any out-of-pocket expenses, 38 percent did, representing almost 14 million Americans.
As well, they note that participation by consumers on their boards and committees is also limited by personal financial need because "the cost of volunteering can be prohibitive, and many agencies and self-help/peer support groups lack finances to support individual involvement" though reimbursing out-of-pocket expenses.
Another perk with this option is that borrowers can often avoid out-of-pocket expenses since lenders already have their origination documents.
But costs could also be considered from the perspective of insurance companies or individuals' out-of-pocket expenses, Yelin says.