Covered Expenses

by lakemen » Sat Jul 08, 2006 05:28 am
Posts: 1260
Joined: 18 May 2005

Covered Expenses

Hospital, medical, and miscellaneous health care expenses incurred by the insured that entitle him/her to a payment of benefits under a health insurance policy. Found most often in connection with major medical plans, the term defines, by either description, reasonableness, or necessity to specify the type and amount of expense which will be considered in the calculation of benefits.

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