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.)
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.)