Definition: The word "insurance" in the context of insurance cover refers to the financial support that a person receives from a third party, such as their employer, family member, or government agency, for an unforeseen medical emergency or serious illness. The term "out-of-pocket expenses" is used when a person's insurance coverage does not cover all of their out-of-pocket costs related to treatment. Out-of-pocket expenses can include items like drugs, treatments, and other medical supplies that the patient must pay for themselves. In summary: - Insurance refers to a financial support provided by a third party. - "Out-of-pocket expenses" refer to the fees or costs paid by the person directly related to their medical treatment. - The term "insurance or out of pocket" is used to describe the financial assistance received from a third party for unforeseen medical emergencies or serious illnesses.