Out-of-pocket costs

Term · Insurance and risk management · MLC-T-INS-002452

The portion of a covered loss or expense that a policyholder must pay personally, which is not reimbursed by the insurance plan. These costs include deductibles, coinsurance, and copayments for covered services, as well as any charges for services that are not covered by the policy. Health insurance policies specify an out-of-pocket maximum, which is the most a policyholder has to pay for covered services in a plan year.

Table 1. Record
Identifier	MLC-T-INS-002452
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002452",
  "term": "Out-of-pocket costs",
  "field": "Insurance and risk management",
  "definition": "The portion of a covered loss or expense that a policyholder must pay personally, which is not reimbursed by the insurance plan. These costs include deductibles, coinsurance, and copayments for covered services, as well as any charges for services that are not covered by the policy. Health insurance policies specify an out-of-pocket maximum, which is the most a policyholder has to pay for covered services in a plan year.",
  "url": "https://mlchart.com/terminology/insurance/out-of-pocket-costs/"
}

Record 2,474 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.