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.
Sample 1Sample 2Sample 3
Annual Benefit Limit means the maximum amount of benefits paid by the Company
Sample 1Sample 2Sample 3
Annual Benefit Limit means the limit described in Section II.A.1 of this regulation.
Sample 1Sample 2Sample 3

Examples of Annual Benefit Limit in a sentence

  • 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.

  • Unless otherwise stated, the Eligible Expenses and/or other expenses payable under this Supplement for Enhanced Benefits shall be subject to the applicable Deductible, Annual Benefit Limit and Lifetime Benefit Limit.

  • After the Annual Benefit Limit is reached, all associated healthcare expenses will be for the Members account.

  • Annual Benefit LimitThe Annual Benefit Limit is the cap on the Member’s benefits that Affinity will pay in a year.

  • Unless otherwise stated, the benefits payable under this Supplement for Other Benefits shall be subject to the applicable Deductible, Annual Benefit Limit and Lifetime Benefit Limit.

  • Additionally, these benefits shall not be subject to the Annual Benefit Limit.

  • In the case of a Member who has had a severance from employment with the Employer, the Annual Benefit Limit applicable to the Member in any Limitation Year beginning after the date of severance shall be automatically adjusted under § 415(d) of the Code.

  • No adjustment will be made to the Annual Benefit Limit to reflect the probability of death between age 65 and the Annuity Starting Date unless the Member’s benefit is forfeited at death before the Annuity Starting Date.

  • Annual Benefit Limit $1,500/individual Annual Deductible $10/individual Preventative Services Benefit (exams, cleanings, and bitewing X-rays every 6 months) 100%** Basic Services Benefit (amalgam and resin fillings) 80%** Major Services Benefit (crowns, root canals, extractions, periodontal treatments, dentures) 80%** Orthodontia Lifetime Benefit (dependent child only) $2,000 (50% payment up to $2,000) * If a discrepancy exists between this summary and the plan document, the plan document will govern.

  • If the Member is, or has ever been, a participant in another qualified defined benefit plan (without regard to whether the plan has been terminated) maintained by the Member’s Employer, the sum of the participant’s Annual Benefits from all such plans may not exceed the Annual 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.
Sample 1Sample 2Sample 3
Annual Benefit Limit means the limit described in section 415(b) of the Code (modified for any Plan Year to reflect the
Sample 1Sample 2
Annual Benefit Limit means the limit described in Section 2(a) of this Appendix.
Sample 1
Annual Benefit Limit means the limit described in Section 26.3-A.1.
Sample 1
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).
Sample 1
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.
Sample 1

Related to Annual Benefit Limit

  • 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.

  • Accrued Benefit have the meanings specified in ERISA.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including any Loan Party 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.

  • 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.