cost coverage
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cost coverage
The commitment or obligation of a person, company, or institution (e.g., a health insurance provider) to pay the costs incurred for a specific service, product, or damage.
Vor Beginn der Therapie müssen Sie eine Kostenübernahme bei Ihrer Krankenkasse beantragen.
Before starting therapy, you must apply for cost coverage from your health insurance provider.
The word is made up of 'Kosten' (costs, plural of 'die Kosten') and 'Übernahme' (assumption/taking over). 'Übernahme' comes from the verb 'übernehmen' (to take over). So it literally means that someone 'takes over' or pays the costs.
Ohne eine schriftliche Kostenübernahme können wir die Reparatur nicht durchführen.
Without written cost coverage, we cannot carry out the repair.
This word belongs to formal official and administrative language. You mainly find it in official documents, applications, and communication with insurance companies, businesses, or authorities.
Bitte reichen Sie den Antrag auf Kostenübernahme bis Ende des Monats ein.
Please submit the application for cost coverage by the end of the month.
In connection with authorities and insurance companies, cost coverage is often 'beantragt' (applied for), 'genehmigt' (approved), 'zugesagt' (promised/confirmed), or 'abgelehnt' (rejected).
Die Krankenkasse hat die Kostenübernahme für die Behandlung genehmigt.
The health insurance provider approved the cost coverage for the treatment.
To name the purpose and the payer, fixed prepositions are used: 'die Kostenübernahme für etwas' (cost coverage for something, accusative) and 'die Kostenübernahme durch jemanden' (cost coverage by someone, accusative).
Die Kostenübernahme für den Sprachkurs wurde bewilligt.
The cost coverage for the language course was approved.
financing
'die Finanzierung' and 'die Kostenübernahme' both mean that money is provided or paid for something. 'Finanzierung' is more general and describes how a project, a purchase, or a business is paid for. 'Kostenübernahme' is more specific: a person, company, or institution agrees to pay certain costs, for example a health insurance provider or an employer. The words can be confusing because both involve paying. 'Finanzierung' is more suitable for the whole money plan, while 'Kostenübernahme' is more about a concrete commitment to cover specific costs.
Die Krankenkasse prüft die Kostenübernahme, bevor Finn mit der Behandlung beginnt.
The health insurance provider reviews the cost coverage before Finn begins treatment.
Die Finanzierung des Umbaus ist heute das wichtigste Thema im Team.
The financing of the renovation is the most important topic in the team today.