Out-of-pocket costs are those that the employee is required to pay themselves, out of their own pocket. These are separate from costs covered by insurance or other wellness programs or initiatives and often represent a significant financial hurdle for employees. Examples include co-pays, deductibles, prescription medication costs if not covered by insurance, and more. Savings in these areas help employees reduce the costs of managing their health and wellness, while simultaneously improving their financial situation.
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Make sure to read the fine print. Many plans may end up saddling customers with exorbitant out-of-pocket costs.