What Does Allowable Cost Mean?

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What does Allowable Cost mean? Read on to discover the definition & meaning of the term Allowable Cost - to help you better understand the language used in insurance policies.

Allowable Cost

Allowable Cost

Allowable costs are the costs that an insurer agrees to cover through a health insurance policy. All other costs will have to be paid out of pocket by the policyholder.

We hope the you have a better understanding of the meaning of Allowable Cost.

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