An out-of-pocket expense is the amount that you have to pay because it is not covered by your insurance or because you haven’t met your deductible. Your deductible is a set amount that you may be required to pay toward covered medical care within a single year. For example, if you have a $3,000 annual deductible, you may need to pay that amount out-of-pocket toward covered medical care before the insurance company will begin paying your claims.
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