Meaning Allowable Costs
What does Allowable Costs mean? Here you find 3 meanings of the word Allowable Costs. You can also add a definition of Allowable Costs yourself
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Allowable CostsCharges for healthcare services and supplies for which benefits are available under your health insurance plan.
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Allowable Costs Covered expenses within a given health plan reflecting elements of an institution’s costs, which is reimbursable under a payment formula. Both Medicare and Medicaid reimburse hospitals on the basis o [..]
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Allowable CostsThe tests of allowability of costs are: (a) they must be reasonable; (b) they must be allocable to sponsored agreements under sponsor-defined principles and methods ; (c) they must be given consistent [..]
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