Insurance question!?

Question

I have curious question to ask... I was wanting to know the allowed amount in an insurance contract usually represents?

Answer 1

The 'allowed amount' is the amount of money your insurance company 'allows' for payment in total. The difference between the allowed amount, & the billed amount, is the doctor/hosptials write-off. Your patient responsibility is included in the allowed amount. It usually based on the contract rate the doctor has with an insurance company.

Hope this helps!

Answer 2

I can write as little as a few thousand to several $100 million.  The "usual" amount is less important than the amount each individual should have.  What's your question?

Answer 3

The phrasing of the question makes your ACTUAL question completely unclear.

The coverage amount is one of the things you're asked for on the application.  It's pre-defined, on an individual basis.