reimbursement

[ree-im-burs-muhnt]

noun

1. repayment for an expense or loss incurred.

   Visitors will receive reimbursement for travel and housing expenses.

Other Word Forms

• nonreimbursement noun

Word History and Origins

Origin of reimbursement¹

reimburse ( def. ) + -ment ( def. )

Example Sentences

Many sign patients up for private insurance plans that offer high reimbursement rates and few restrictions, according to insurance experts.

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Their possible challenges include the potential for lower reimbursement rates from Medicare and Medicaid to squeeze their profitability, the report said.

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I guess this is the C-suite version of you and me putting in for mileage reimbursements when we drive our own cars on work trips.

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In recent decades, lower insurance reimbursements and mounting paperwork requirements External link have ratcheted up pressures on doctors’ offices.

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When it comes to hospitals, Medicaid used to have the lowest reimbursement rate out there.

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Related Words

• payment 
• remuneration 
• repayment www.thesaurus.com
• restitution