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? What is Coinsurance? How do I confirm my coverage and coverage dates? What is PPO Allowance (term for “in-network”)? What does Preventive Services mean?