Benefit cost definition

Benefit cost means the cost of premiums for…

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Benefit cost means the cost of premiums for medical, dental, vision, prescription drug, and over-the- counter drug coverage for a participant, eligible legal spouse, and dependent children under the benefit plan which a participant is required, as a condition of coverage, to pay. It also includes Health Care Flexible Spending Account, Health Savings Account, and Dependent Care Flexible Spending Account.

Benefit cost means the cost of premiums for medical, dental, vision, prescription drug, and over-the-counter drug coverage for a participant, his or her spouse, and dependent children under the benefit plan which a participant is required, as a condition of coverage, to pay.

Examples of Benefit cost in a sentence

Benefit cost share and accruals will continue as if the employee is at work.
Benefit cost will be calculated assuming the Registered Nurse used Personal Leave at a rate based on the Registered Nurse’s FTE.
Benefit cost will be calculated assuming the Registered Nurse used personal leave at the rate based on the Registered Nurse’s FTE.
The Insurance Benefit cost are $10.50 per month, Payment and Service Benefit cost are $9.00 per month.
The next Fringe Benefit cost proposal based on actual costs for the fiscal year ending June 30, 2017 is due in our office by December 31, 2017.
FRINGE BENEFITS: FICA, Health Insurance Retirement, Tuition Remission Disability Insurance, Unemployment Insurance Life Insurance, Worker's Compensation *This Rate Agreement reflects both F&A and Fringe Benefits Rates.* The next Fringe Benefit cost proposal, based on actual costs for the fiscal year ending May 31, 2023, is due in our office by November 30, 2023.

More Definitions of Benefit cost

Benefit cost means the cost of premiums for coverage for a participant, his spouse and dependent children under the benefit plan in which a participant is required to pay, as a condition of coverage.

Benefit cost means the maximum amount of reimbursement elected by the Participant under the Spending Account or the cost of another type of Benefit as determined by the Company and communicated to Participants from time to time. The Benefit Cost of the coverage shall be determined as of a date specified by the Company.

Benefit cost means the cost of premiums for medical, dental, vision, hearing and prescription drug coverage for a participant, his spouse and dependent children under the benefit plan that a participant is required, as a condition of coverage, to defray.

Related to Benefit cost

Benefit Amount shall have the meaning set forth in Section 20.12 hereof.
Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.
Target cost, as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.
Patient cost means the cost of a medically necessary health care service that is incurred as a result
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.