What does Reimbursement mean?
Definitions for Reimbursement
re·im·burse·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Reimbursement.
Princeton's WordNet
reimbursementnoun
compensation paid (to someone) for damages or losses or money already spent etc.
"he received reimbursement for his travel expenses"
Wiktionary
reimbursementnoun
The act of compensating someone for an expense.
Samuel Johnson's Dictionary
Reimbursementnoun
Reparation or repayment.
Etymology: from reimburse.
If any person has been at expence about the funeral of a scholar, he may retain his books for the reimbursement. John Ayliffe.
Wikipedia
Reimbursement
Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent.Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the recipient provided that accountability conditions are met. UK law provides for deductions for travel and subsistence. Reimbursement is also provided for supply, day care, mobile, medical, or education expenses, as determined by the payer. Similarly, a university, academic conference, or business conference may reimburse the expenses of an invited speaker or attendee. Reimbursement is also used in insurance, when a provider pays for expenses after they have been paid directly by the policy holder or another party. This is especially relevant in health insurance, due to urgency, high costs, and administrative procedures which may cause a healthcare provider to incur costs pending reimbursement by a private or public provider (in the US, e.g., Medicare or a Health Reimbursement Account). Segments of the healthcare industry, such as medical device manufacturers, rely on reimbursement for income and produce resources assisting their customers (hospitals, physicians, etc.) in obtaining reimbursement.Governments may reimburse taxpayers in several ways. A tax refund reduces the net tax paid, such as income tax, potentially to zero. Taxpayers may receive complete reimbursement for other taxes, such as for Value-added tax due to low income, subsequent export of the goods sold, or not being the final recipient. A local government may use reimbursement to reduce property taxes for a favored organization or low-income individual. Employee reimbursements for travel are very popular. Often times when an employee is travelling for work, they will need to track expenses and submit to their employer for reimbursement.
ChatGPT
reimbursement
Reimbursement is the act of compensating someone for an expense or loss they have incurred, typically by paying them the amount of money that was spent or lost. It often involves returning money that was already paid in relation to services or goods received.
Webster Dictionary
Reimbursementnoun
the act reimbursing
Etymology: [Cf. F. rembursement.]
Wikidata
Reimbursement
Reimbursement is an act of compensating someone for an expense. Often, a person is reimbursed for out-of-pocket expenses when the person incurs those expenses through employment or in an account of carrying out the duties for another party or member. Common examples are firms compensating individuals who buy supplies for their companies, or firms compensating employees on field or out-of-town assignments who pay for their stay and transportation. Reimbursement can be of many types like day care, mobile expense, transport, medical expense, study expenditure
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Numerology
Chaldean Numerology
The numerical value of Reimbursement in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of Reimbursement in Pythagorean Numerology is: 9
Examples of Reimbursement in a Sentence
Right now reimbursement is usually based on first having a billing code and then have the right content in the education and the right person giving it.
This frees schools, particularly those in low-income communities, to offer more primary care and preventative service through their health centers, schools will have to look at their budget and see if they will get reimbursed for services. It’s not like this is a costless thing for districts, because Medicaid reimbursement rates are not particularly high. We shouldn’t expect all states and schools to react similarly.
What is now approved in terms of insurance reimbursement for many insurance companies in Maryland means online therapy is a real-time service that includes audio and video, the way insurers have embraced this service delivery method has been an interesting development.
We’ve experienced enormous cost increases and Medicare is still paying with 6-year-old reimbursement rates and labor reimbursement that is less than 1/5th of actual cost to complete repairs. doing so will help us face supply chain problems and attract more workers.
They are really relying on these higher reimbursement rates to cover these new, higher costs.
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References
Translations for Reimbursement
From our Multilingual Translation Dictionary
- السدادArabic
- reemborsamentCatalan, Valencian
- reembolsoSpanish
- hüvitusEstonian
- korvaus, takaisinmaksuFinnish
- remboursementFrench
- החזר כספיHebrew
- pengembalianIndonesian
- rimborsoItalian
- zwrotPolish
- reembolsoPortuguese
- rambursareRomanian
- возмещениеRussian
- ersättningSwedish
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"Reimbursement." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/Reimbursement>.
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