Definition of Out-Of-Pocket Costs

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TeachMeFinance.com - explain Out-Of-Pocket Costs



Out-Of-Pocket Costs

The term 'Out-Of-Pocket Costs ' as it applies to the area of Medicare in the United States can be defined as ' Health care costs that you must pay on your own because they are not covered by Medicare or other insurance'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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