Annual Dollar Limit definition
Examples of Annual Dollar Limit in a sentence
The CONTRACTOR shall not apply an Aggregate Lifetime Dollar Limit or Annual Dollar Limit (see 42 C.F.R. § 438.905) on any Mental Health or SUD service.
Year* Annual Dollar Limit + Age 50+ Catch-up Contribution = Higher Limit 2015 $18,000 $6,000 $24,000 Changes in your savings amount may be made as of any pay period.
Year* Annual Dollar Limit + Age 50+ Catch-up Contribution = Higher Limit 2020 $19,500 $6,500 $26,000 Changes in your savings amount may be made as of any pay period.
For purposes of calculating the Annual Dollar Limit, the first Annual Period shall commence on the Effective Date and each succeeding Annual Period shall commence on the succeeding anniversary of the Effective Date.
Annual Dollar Limit: For purposes of compliance with Behavioral Health parity requirements in 42 CFR part 438, subpart K, means a dollar limitation on the total amount of specified benefits that may be paid in a twelve (12) month period under a Contractor.