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Out-Of-Pocket Expenditures
Expenses for goods or services that are paid directly by an individual, without third-party assistance or reimbursement.
Medical Savings Accounts
Tax-advantaged accounts that individuals can use to save and pay for medical expenses, often with high-deductible health plans.
Catastrophic Health Insurance
Health insurance that is designed to provide coverage for major medical emergencies or serious conditions, typically with high deductibles and low monthly premiums.
Economic Theory
A set of principles and frameworks that aim to explain the processes governing production, distribution, and consumption of goods and services in an economy.
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