Examples of Allowable benefit in a sentence
B) Maximum Allowable Benefit: The maximum annual benefit paid for this type of disability is equal to the smaller of (1) or (2): 1.
B) Maximum Allowable Benefit: The maximum annual benefit paid for this type of disability is equal to 2/3rds (66.67%) of your Average Annual Pay, minus any benefits you receive from Social Security.
If the provider does not participate in the BCBS Traditional Network or MultiPlan Network, you will be liable for any provider charges in excess of MCTWF ’s Maximum Allowable Benefit in addition to any required in-network level Deductible, Copayment and Coinsurance amounts.
If the fees of Out-of-Network providers are greater than the amounts paid under your MCTWF Plan’s Out-of-Network Maximum Allowable Benefit schedule, you will be responsible for paying the balance or the full amount if you have reached your Annual per person maximum.
Specific eligibility and participation criteria apply dependant on an employee’s employment status at a point in time, and the Allowable Benefit provided.
When the benefits are reduced under the primary plan because a Subscriber does not comply with the plan provisions, or does not maximize benefits available under the primary plan, the amount of such reduction will not be considered an Allowable Benefit.
When you use Out-of-Network providers, you are subject to paying any balance over and above the Maximum Allowable Benefit schedule.
If the provider does not participate in the BCBS Traditional Network or MultiPlan Network, you may be subject to balance billing for charges in excess of MCTWF’s Maximum Allowable Benefit schedule, in addition to any in-network level Deductible, Copayment and Coinsurance amounts.
Benefits will not exceed the Maximum Allowable Benefit for the least expensive service that meets your medical needs.
Otherwise, you will be responsible for balances over the Maximum Allowable Benefit and the provider’s charge.