Annual Benefit Limit definition

Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.
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Annual Benefit Limit means the maximum amount of benefits paid by the Company
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Annual Benefit Limit means the limit described in Section II.A.1 of this regulation.
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Examples of Annual Benefit Limit in a sentence

  • This benefit is not subject to Deductible and shall not be counted towards the applicable Annual Benefit Limit and Lifetime Benefit Limit as specified under the Benefit Schedule of WiseGuard Pro.

  • This benefit is not subject to Deductible and shall not be counted towards the applicable Annual Benefit Limit and Lifetime Benefit Limit as specified under the Benefit Schedule of This Plan.

  • Annual Benefit Limit shall mean the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached.

  • Full cover shall mean no itemised benefit sublimit, the actual amount of Eligible Expenses and other expenses charged after deducting the remaining Deductible (if any) and is subject to the Annual Benefit Limit and the Lifetime Benefit Limit.

  • The final amount payable under the Terms and Benefits (i.e. after the application of any applicable remaining balance of Deductible) shall be counted towards the Annual Benefit Limit of the relevant Policy Year and the Lifetime Limit as specified in the Benefit Schedule.

  • The total amount of benefits payable is calculated as follows provided the amount payable for any one Policy Year does not exceed the Annual Benefit Limit of these Terms and Benefits as specified in the Benefit Schedule:[(Amount of Eligible Expenses incurred LESS ( - ) any Eligible Expenses already reimbursed under any other insurance coverage or as otherwise described in Section 13 of Part 7), subject to the individual benefit limits under these Terms and Benefits] LESS ( - ) any remaining Deductible.

  • Any actual benefits reimbursed (i.e. after deduction of any applicable Deductible) in accordance with the Terms and Benefits will count towards the applicable benefit limits and Annual Benefit Limit as specified in the Benefit Schedule.

  • Where the Standard Plan Terms and Benefits is applicable in accordance with Section (1)(I)(b), any actual benefits reimbursed (i.e. after deduction of any applicable Deductible) in accordance with the Standard Plan Terms and Benefits shall be counted towards the applicable Annual Benefit Limit and Lifetime Benefit Limit as specified under the Benefit Schedule of WiseGuard Pro.

  • For benefits payable according to the Terms and Benefits (including the Standard Plan Terms and Benefits, if applicable), the actual benefits paid (i.e. after deduction of any remaining balance of applicable Deductible) shall be counted towards the limits of applicable benefit items and Annual Benefit Limit of the relevant Policy Year and Lifetime Benefit Limit as specified under the Benefit Schedule.

  • Full cover shall mean no itemised benefit sub-limit, and the benefit payable shall be subject to the Annual Benefit Limit and Lifetime Benefit Limit.


More Definitions of Annual Benefit Limit

Annual Benefit Limit means the cap on the Member’s Benefits that Affinity will pay in a calendar year. Annual Limits can be placed either on specific services as an annual amount for covered services or on the number of visits that will be covered for a particular service. The number of Dependants on the Policy will determine the amount as well as the type of Benefit. After the Annual Benefit Limit is reached, all additional associated healthcare expenses will be for the Member’s account.
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Annual Benefit Limit means the limit described in section 415(b) of the Code (modified for any Plan Year to reflect the
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Annual Benefit Limit means the limit described in Section 2(a) of this Appendix.
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Annual Benefit Limit means the limit described in section 415(b) of the Code (modified for any Plan Year to reflect the cost-of-living adjustment under section 415(d) of the Code for such Plan Year and modified to reflect the compensation limit of section 401(a)(17) of the Code after applying the cost-of-living adjustment for such limit for such Plan Year).
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Annual Benefit Limit means the limitations described in sections -------------------- 415(b) and 415(e) of the Code. 2.04 "Beneficiary" means the Participant's beneficiary under the Master ----------- Plan, except to the extent that the Beneficiary is receiving a benefit under the Master Plan pursuant to a qualified domestic relations order as defined in section 414(p) of the Code.
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Annual Benefit Limit means the limit described in Section 26.3-A.1.
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Related to Annual Benefit Limit

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Unfunded Benefit Liabilities means, with respect to any ERISA Plan at any time, the amount (if any) by which (i) the present value of all accrued benefits calculated on an accumulated benefit obligation basis and based upon the actuarial assumptions used for accounting purposes (i.e., those determined in accordance with FASB statement No. 35 and used in preparing the ERISA Plan’s financial statements) exceeds (ii) the fair market value of all ERISA Plan assets allocable to such benefits, determined as of the then most recent actuarial valuation report for such ERISA Plan.

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Annual Compensation means an amount equal to the greater of:

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Termination Benefit means the benefit set forth in Article 7.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.