covered charge


Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

covered charge

A medical service reimbursable by a third-party payer.
See also: charge
References in periodicals archive ?
The normal benefit (for an employee who retires at normal retirement age with the specified years of service) is a defined percentage (85 percent, for example) of covered charges before the retiree is eligible for Medicare, reduced to a lower percentage (say 65 percent) of covered charges once the retiree is eligible for Medicare.