out-of-pocket


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Related to out-of-pocket: Out-of-pocket expenses
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  • adj

Words related to out-of-pocket

calling for the spending of cash

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References in periodicals archive ?
The lawsuits alleged that Anthem illegally increased "annual deductibles" and other "annual" and "yearly" out-of-pocket costs, thereby reducing the benefits available under consumers' health plan contracts, in the middle of the year.
The average adjusted per claim out-of-pocket expense for oral contraceptive pills fell from $33.
Consumers from all socioeconomic groups are facing high out-of-pocket expenditures for health care.
Public 2-Year Total Price: $15,000 Net Price: $11,700 Out-of-Pocket Price: $9,900 Public 4-Year Total Price: $23,200 Net Price: $18,000 Out-of-Pocket Price: $11,800 For-Profit Total Price: $29,300 Net Price: $25,200 Out-of-Pocket Price: $15,000 Private Nonprofit 4-Year Total Price: $43,500 Net Price: $27,900 Out-of-Pocket Price: $18,100 SOURCE: NATIONAL CENTER FOR EDUCATION STATISTICS
The Affordable Care Act also caps the amount you can be asked to spend out-of-pocket each year at $6,350 in total (medical and prescription drug) spending for 2014 In 2014, the maximum is $12,700 for a family.
My 2014 Advantage plan's out-of-pocket maximum rose from $3,400 to $5,900.
Out-of-pocket spending rose more quickly than expenditures per person in 2012, increasing 4.
It's important to factor in the out-of-pocket costs for prescription drugs when shopping for Medicare prescription drug coverage because every plan has a different drug formulary, or set of Medicare Part D approved drugs that it will pay for, and the cost-sharing for covered drugs typically varies from plan to plan.
In response to these rising costs, many employers have been forced to shift responsibility for health care costs to employees, exposing employees to higher out-of-pocket medical costs.
The plans also are required to equalize copays, deductibles, coinsurance and out-of-pocket limits for both behavioral and medical and surgical care.
The report, "The Impact of the Mental Health Parity and Addiction Equity Act on Inpatient Admissions," is one of the first of its kind to look at hospital spending, utilization, prices, and out-of-pocket payments for mental health and substance-use admissions for those younger than age 65 with employer-sponsored health insurance.
Under one option, employees would have to cover their first $600 of medical bills each year, then would be responsible for 10 percent of their additional medical costs until they reach a maximum total out-of-pocket expense of $1,500, after which the state plan would cover the rest.
The difference between a high-deductible and a low-deductible plan is purely financial: how much your clients will pay now in the form of a monthly premium, and how much they'll pay later in the form of out-of-pocket maximums.
Beneficiaries who use these drugs typically face higher out-of-pocket costs than beneficiaries who use only lower-cost drugs.
A growing number of Americans spend more than 10% of their income on out-of-pocket expenses for healthcare services and insurance, according to a study published last Thursday.