Here is an illustration of out-of-pocket costs associated with the job. Let’s say an employee meets with a potential customer.
The employee uses their own credit card to make purchases of $250 on airfare, $50 on Uber rides, $100 on a hotel, and $100 on meals.
After the excursion, the representative presents a cost report for $500 for their personal costs.
The business then gives a repayment check for $500 to the representative.
Prescription drugs are one example of out-of-pocket health expenses.
Prescriptions are covered by many health insurance plans, but the amount you pay depends on your deductible.
You will be required to pay out of pocket for any prescription medications until you have met your deductible.
