Examples of Contracted Amount in a sentence
AHA shall not be responsible for any fees or costs incurred above or beyond the aforementioned Contracted Amount and AHA shall have no obligation to purchase any specified amount of services or products, unless agreed to in writing by AHA pursuant to Paragraph 4 below.
Consultant shall invoice AHA for the services performed pursuant to the Scope of Services attached hereto as Exhibit A, at the rates, inclusive of all taxes, insurance, benefits, wages, profit, overhead, and every other personnel cost borne by Consultant, set forth in the Scope of Services attached hereto as Exhibit A; provided, however, in no event shall any and all costs paid under this Agreement exceed the Contracted Amount.
This amount will be based on either the Contracted Amount for In-network Providers or the Out-of-network Allowance for Out-of-network Providers.Coinsurance — This is the percentage you must pay for Covered Services, after the Deductible is applied.Copayment (Copay) — A fixed dollar amount payable by the Covered Person for a Covered Service.Deductible* — You are responsible for your annual expenses until you reach the Plan’s Deductible.
That means In-network providers, under the terms of their contract with Blue Cross and Blue Shield, can’t bill for amounts over the Contracted Amount.
The Contracted Amount is set forth in Section 1.03 of Attachment 1.