Learning Center > Glossary-Terms > Covered Amount

Covered Amount

Covered amount is the amount remaining after subtracting any discount and/or non covered amounts. This amount is used for calculating benefits (subject to deductible, copay and coinsurance percentage).

Note: These definitions are provided only to give you a general understanding of how these words are sometimes used by health insurance companies. Please refer to your coverage documents for a complete list of defined terms that apply to your specific coverage.
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