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Glossary

Allowed Amount (Allowable Charge)

The maximum amount your insurer will pay for a covered service. Also called the negotiated rate, eligible expense, or payment allowance. You may owe the difference between the billed amount and the allowed amount if your provider is out of network.

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Related Terms

Balance Billing (Surprise Billing)Provider Network (In-Network vs Out-of-Network)Coinsurance
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