Out-of-pocket Costs
Out of pocket costs are health care costs that one must bear on their own as their health insurance does not cover it, or has deductibles, copays or other cost sharing measure.
What expenses are out of pocket costs?[edit | edit source]
Out-of-pocket costs include deductibles, coinsurance, and copayments for covered services plus all costs for services that aren't covered.
What are some out of pocket reduction measures?[edit | edit source]
Some insurance plans have higher out of pocket costs compared to others. If you are on the marketplace, you may qualify for a lower out of pocket cost or cost sharing plan like a silver plan based on your income. See the following url to learn more. https://www.healthcare.gov/lower-costs/save-on-out-of-pocket-costs/
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