Definitions for out-of-pocket
out-of-pock·et

Princeton's WordNetRate this definition:0.0 / 0 votes

1. out-of-pocketadjective

   calling for the spending of cash

   "his out-of-pocket costs were $10"

WikipediaRate this definition:0.0 / 0 votes

1. out-of-pocket

   An out-of-pocket expense (or out-of-pocket cost, OOP) is the direct payment of money that may or may not be later reimbursed from a third-party source. For example, when operating a vehicle, gasoline, parking fees and tolls are considered out-of-pocket expenses for a trip. Car insurance, oil changes, and interest are not, since the outlay of cash covers expenses accrued over a longer period of time. The services rendered and other in-kind expenses are not considered out-of-pocket expenses; the same goes for depreciation of capital goods or depletion. Organizations often reimburse out-of-pocket expenses incurred on their behalf, especially expenses incurred by employees on their employers' behalf. In the United States, out-of-pocket expenses for such things as charity, medical bills, and education may be deductions on US income taxes, according to IRS regulations. To be out of pocket is to have expended personal resources, often unexpectedly or unfairly, at the end of some enterprise.

ChatGPTRate this definition:0.0 / 0 votes

1. out-of-pocket

   Out-of-pocket refers to expenses that are paid directly by an individual rather than being reimbursed by a third party such as an insurance company or government. These costs can be for goods or services related to health care, travel, business, and other areas. The term "out-of-pocket" highlights the immediate financial impact on an individual, as they are personally responsible for covering these costs.

How to pronounce out-of-pocket?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say out-of-pocket in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of out-of-pocket in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of out-of-pocket in Pythagorean Numerology is: 3

Examples of out-of-pocket in a Sentence

1. Ernest Marshall:

   The patients that walk through our doors have already dealt with so many obstacles: many have traveled long distances to get their abortion, they’ve had to take time away from work, usually unpaid, find childcare and transportation, and figure out how to pay out-of-pocket for care that isn’t covered by their insurance.

2. United States:

   In most cases, people who use insulin will see lower out-of-pocket costs without any increased cost to the plan.

3. James Reschovsky:

   The higher prices in hospital outpatient departments are passed on to employers in the form of higher premiums, and ultimately to workers in the form of less generous health benefits, higher premium cost sharing, or lower wages, certainly patients with co-insurance would pay more out-of-pocket when the price of service is higher.

4. Muhammad Pate:

   Because we know that the cost of essential drugs is a key driver of catastrophic out-of-pocket costs.

5. Barry Owens:

   If you just look at our out-of-pocket expenses, things we've paid to contractors, third parties, it's around $ 230,000. It doesn't take into consideration management time or damage to the resort's reputation, our accountants and attorneys are saying that this could be up to an additional $ 200,000.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=out-of-pocket
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Out-of-Pocket
3. ^ ChatGPT
   https://chat.openai.com