Reimbursement
Hi there! Reimbursement is like getting your money back when you spent it on something important. For example, when you go to see a doctor or buy medicine, you may have to pay for it. But if you have insurance, you can ask your insurance company to pay you back for what you spent. This is called reimbursement.
It's like when you buy a toy with your own money and tell your parents to pay you back for it later. In the same way, when you have to spend money on something related to your health, you can ask your insurance company to pay you back for it.
You usually have to provide some documents or receipts to prove that you spent the money. Then, the insurance company will review the documents and decide how much money they will give you back.
So, reimbursement is basically when you get your money back for something that you had to pay for. It's like a refund, but for important things like your health.
It's like when you buy a toy with your own money and tell your parents to pay you back for it later. In the same way, when you have to spend money on something related to your health, you can ask your insurance company to pay you back for it.
You usually have to provide some documents or receipts to prove that you spent the money. Then, the insurance company will review the documents and decide how much money they will give you back.
So, reimbursement is basically when you get your money back for something that you had to pay for. It's like a refund, but for important things like your health.