Examples of Allowable Charge in a sentence
Whenever any payment for Covered Services has been made by the Plan, in an amount that exceeds the maximum Benefits available for such services under this Benefit Plan or exceeds the Allowable Charge, or whenever payment has been made in error by the Plan for non-covered services, the Plan will have the right to recover such payment from the Plan Participant or, if applicable, the Provider.
If the amount that is billed for Covered Services by the Plan Participant’s Provider is less than the amount that the Plan Administrator has set for the Covered Service, the billed amount is the Allowable Charge and the Plan Administrator’s payment will be based on the billed amount.
After any applicable Dental Waiting Period and payment of any applicable Deductible Amount shown on the Schedule of Benefits, the Claims Administrator will pay the Coinsurance percentage for the Covered Services shown on the Schedule of Benefits, rendered by a Dentist, not to exceed the Allowable Charge, up to the Benefit Period Maximum, if any, as shown on the Schedule of Benefits.
When a Plan Participant uses a Non-Participating Provider, this Allowable Charge is used to determine the Plan Administrator’s payment for a Plan Participant’s Covered Services and the amount that the Plan Participant must pay for Covered Services.
Also, Participating Providers waive the difference between the actual billed charge for a Covered Service and the Allowable Charge, while Non-Participating Providers will not.