What is a Covered Medical Expense? April 22, 2020 19:32 Updated Follow Covered Medical Expense means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies not excluded or limited by the policy. Related articles What are the benefits for medical services, prescriptions, etc. that are covered by the plan? How do I confirm my coverage and coverage dates? What is Coinsurance? What is an Out-of-pocket Expense Limit? What is PPO Allowance (term for “in-network”)?