Examples of Covered service in a sentence
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.
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.
These fee allowances are our “Allowable Charge” represents the maximum amount We will pay for a Covered Service.
When a Plan Participant receives a dental diagnosis from a Participating Provider for a Covered Service under this Benefit Plan, the Plan Participant may choose to have the covered Benefit as designated by this dental Benefit Plan; or an alternate type, form, or quality of dental service which is of equal or greater price, provided the Plan Participant approves the alternate service in advance and in writing.
This is because the amount that some providers charge for a Covered Service may be higher than the contracted fee that has been accepted by most Participating Providers.