medical expense


Also found in: Thesaurus.
Related to medical expense: Medical Expense Insurance
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.medical expense - amount spent for diagnosis or treatment or prevention of medical problemsmedical expense - amount spent for diagnosis or treatment or prevention of medical problems
disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
If these conditions are met, the amount allowable as a medical expense for lodging cannot exceed $50 per night per person for up to two people (i.e., the patient and a caregiver).
The current tax-free limit for medical expense reimbursement is set at 15,000 per annum and transport allowance exemption of Rs 1,600 per month.
With smart planning, a client who is able to cover the cost of out-of-pocket medical expenses pre-retirement can ensure that he or she will be able to withdraw the HSA funds tax-free during retirement (or at a future date) simply by saving his or her medical expense receipts.
It is reasonable to believe that this trend will continue, and defense attorneys should anticipate disproportionate awards for future medical expenses. Defense attorneys should identify and challenge unreasonable future medical expenses during the discovery phase and may wish to utilize defense medical experts or other opinion witnesses to demonstrate that the proffered future medical expense is unnecessary and therefore non-compensable.
There is no requirement that HSA custodians or employers check to see if distributions are used for qualified medical expenses. The IRS could possibly ask the HSA owner for proof of a medical expense so individuals need to save medical receipts in their tax files.
Brampton, Canada, December 12, 2013 --(PR.com)-- According to the Canadian based counselling center The Family Enhancement Centre clients will now be able to use psychotherapy as a medical expense through Canada Revenue.
A Veteran receiving VA Improved Pension may submit a medical expense report (VA Form 21P-8416) each year to claim any unreimbursed him/medical expense he or she, or his or her family members, had incurred during that annual period up to the allowable pension rate for the veteran for that calendar year.
As discussed in the August of 2010 article, only individuals itemizing their deductions on their federal individual income tax returns can claim a medical expense deduction.
Using statutory filings health plans submit to state regulators and to the National Association of Insurance Commissioners, MFA analyzed medical expenses for risk-based health insurance plans for years 2002 to 2010.The study found health plans have succeeded in stabilizing medical expense trends and in lowering them in 2009 and 2010.
Baral died in 2008, and her estate sued to have the amounts paid for her long-term care and supplies, as well as $760 paid to her physician, allowed as medical expense deductions for 2007.
These methods can not only save medical expense, especially if the employer has on-site clinical resources, but also reduce the number of recordable injuries.

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