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Health Insurance 101: What Are Out-of-Pocket Costs?
Learn what out-of-pocket costs are (such as copays and coinsurances) and the role they play in your health insurance.
Written by Lauren Smith, MA | Reviewed by Alexandra Schwarz, MD
Updated on August 30, 2023Your out-of-pocket costs are expenses that you pay for healthcare services that are not reimbursed by your health insurance. If you’re confused about your out-of-pocket costs or how to lower them, talk to an insurance representative.
References
HealthCare.gov. (n.d.). Out-of-pocket costs.
HealthCare.gov. (n.d.). Saving money on health insurance: Cost-sharing reductions.
View All References (1)
MedlinePlus. (2022). How to choose a health plan.
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