Limited benefit plan definition

Limited benefit plan means a period of time in which a participant or member of a participant’s family is either eligible for reduced assistance only or ineligible for any assistance under the family investment program, in accordance with section 239B.9.
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Limited benefit plan or “LBP” means a period of terminated benefits that a person chooses instead of signing or cooperating with a family investment agreement.
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Limited benefit plan or “LBP” means a period of time that an FIA-responsible person or their family is ineligible for FIP or eligible for reduced assistance due to an FIA-responsible person’s failure to meet FIA requirements.
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Examples of Limited benefit plan in a sentence

  • Form 470-0602, Notice of Decision: Services, shall be issued to the participant to inform the participant that the approval for education is canceled.93.8(9) Limited benefit plan.

  • Amend subrule 41.24(8) as follows:41.24(8) The limited Limited benefit plan (LBP).

  • If an individual participant or the entire family has an acknowledged barrier, the plan for self-sufficiency may be specified in one or more incremental family investment agreements.3. Limited benefit plan.


More Definitions of Limited benefit plan

Limited benefit plan means a period of terminated FIP benefits that an individual chooses instead of signing or cooperating with a family investment agreement.
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Limited benefit plan means, for the purposes of this regulation, a policy, contract or certificate issued or offered on a group or individual basis as a supplemental health coverage policy that pays specified amounts according to a schedule of benefits to defray the costs of care, services, deductibles, copayments or coinsurance amounts not covered by a health benefit plan. Limited benefit plans do not include short-term limited duration health benefit policies, contracts or certificates, high-deductible health benefit plans, or catastrophic plans. Such non-supplemental plans are included under the term of “health benefit plan.”
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Related to Limited benefit plan

  • Foreign Benefit Arrangement any employee benefit arrangement mandated by non-US law that is maintained or contributed to by any Group Member or any ERISA Affiliate.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.