allocated benefits


Also found in: Financial.

allocated benefits

Payments (benefits) authorised by an insurer for specific purposes with a maximum specified for each; in hospital policies, there may be scheduled benefits for X-rays, drugs, dressings and other specified expenses.

allocated benefits

Health insurance Payments authorized for specific purposes with a maximum specified for each; in hospital policies, there may be scheduled benefits for X-rays, drugs, dressings, and other specified expenses. See Benefits.
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