LIMIT ON BENEFITS definition

LIMIT ON BENEFITS. The plan ceiling for reimbursements is $ . Amounts in excess of the ceiling shall not be reimbursed by the plan. (Your plan looks like a medical reimbursement plan that a business would have when you establish a ceiling on the benefits. Most businesses do not want to leave themselves open to unlimited liability. You could allow your plan to carry over unused benefits. We don’t recommend this with one eligible employee.)
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LIMIT ON BENEFITS. The plan ceiling for reimbursements is $ . Amounts in excess of the ceiling shall not be reimbursed by the plan. (When you cover employees other than your spouse, and even with your spouse, you may want to establish a ceiling on plan benefits.)
Sample 1

Examples of LIMIT ON BENEFITS in a sentence

  • DIVISION 12 LIMIT ON BENEFITS § 1:373 Division History § 1:374 [Section 154 Limit on benefits—subsequent accidents] N.

  • Nothing in this Section B4.4 will release a Plan Sponsor from its obligation to fund the Plan in accordance with its terms.SECTION B5 - LIMIT ON BENEFITS B5.1 General Limitation on Benefits.

Related to LIMIT ON BENEFITS

  • 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.

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

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Actuarial equivalent means a benefit of equal value when

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.