What are allowable costs?
The Bankrate.com financial term of the day is: "allowable costs."
What does your health insurance cover? That's a big question, of course, but there is one very simple answer: allowable costs. The allowable costs are the charges for medical services that your health plan will pay for.
"Allowable costs" is a fancy way of saying the medical bills that your health insurance will cover.
To get an insurance quote, visit the Insurance section at Bankrate.com.