What expense category does healthcare fall under?

There is no definitive answer to this question, as healthcare expenses can fall under multiple different categories, depending on the specific situation. However, some common expense categories that healthcare costs may fall under include:

Operating Expenses

Operating expenses are those costs that are necessary to keep the business running on a day-to-day basis. This can include things like rent, utilities, payroll, and, in some cases, healthcare costs. For businesses that provide healthcare benefits to their employees, these costs would typically fall under the operating expenses category.

Benefits Expenses

Benefits expenses are those costs associated with providing employee benefits, such as healthcare, 401(k) contributions, and life insurance. For businesses that provide healthcare benefits to their employees, these costs would typically fall under the benefits expenses category.

Other Expenses

Other expenses are those costs that don't necessarily fit into one of the other categories. This can include things like one-time repairs or purchases, legal fees, and, in some cases, healthcare costs. For businesses that have self-insured health plans, these costs would typically fall under the other expenses category.

The information provided in this article does not constitute legal or financial advice and is for general informational purposes only. Please check with an attorney or financial advisor to obtain advice with respect to the content of this article.

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