Medical benefits plan definition

Medical benefits plan means a silver or higher level essential health benefits package, as defined in 42 U.S.C. section 18022, or an equivalent plan that is designed to provide benefits that are actuarially equivalent to 70 percent of the full actuarial value of the benefits provided under the plan, whichever is greater;
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Medical benefits plan means a silver or higher level essential health benefits package, as defined in 42
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Medical benefits plan means an essential health benefits package, as defined in 42 U.S.C. § 18022, or an equivalent plan.
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Examples of Medical benefits plan in a sentence

  • Medical benefits plan; • Highmark Blue Shield-AWARDED -was made by Commissioner Deon, seconded by Commissioner Lincoln; and passed unanimously.

  • Amount paid by the Subscriber for the purchase of a Medical benefits plan.

  • Medical benefits, plan costs, and any deductible costs may vary depending upon the insurance carrier offered by the City and chosen by the employee.


More Definitions of Medical benefits plan

Medical benefits plan means a silver or higher level essential health benefits package,
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Medical benefits plan means medical care (focused on treating illnesses and injuries) and health care (focused on promoting health and preventing illnesses and injuries);
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Medical benefits plan. At your retirement, your present CIGNA PPO coverage for yourself and your family will be cancelled. You may elect to enroll in either the CIGNA PPO or KAISER HMO Plans for retired employees. Enclosed is a Mainland Medical Plan Comparison Chart of the two Plans. Medical coverage, through age 64 - Based on your age and service [62 years, 7 -------------------------------- months / 38 years, 6 months], your FIXED DOLLAR AMOUNT (the maximum amount the Company will pay) for the health care coverage will be calculated as follows: FIXED DOLLAR AMOUNT FOR RETIREES UNDER AGE 65: $324.69 (factor based on age and service) x 1.00 ------- Your FIXED DOLLAR AMOUNT: $324.69 Your share of the coverage cost will be the difference between the premium amount charged by the insurance carrier and the $324.69. Since the 2004 monthly premium for retirees below age 65 are $831.15 for CIGNA and $298.83 for KAISER, your share of the current premium will be either $506.46 for CIGNA or $0.00 for KAISER per month. As you know, medical premium rates are subject to periodic changes. Medical coverage, age 65 and beyond - Your FIXED DOLLAR AMOUNT and your share of ----------------------------------- your Company medical coverage will change when you attain age 65, based on the following calculation: FIXED DOLLAR AMOUNT FOR RETIREES AGE 65 and beyond $134.92 (factor based on age and service) x 1.00 ------- Your FIXED DOLLAR AMOUNT: $134.92 Your share of the coverage cost from age 65 will be the difference between the applicable premium amount charged by the insurance carrier and the $134.92. Medical coverage for spouse - If you wish, you may enroll your spouse in the --------------------------- Health Care Plan. The premium for her coverage must be paid entirely by you. The monthly dues for her coverage will be $831.15 for CIGNA or $298.83 for Kaiser in 2004. Medical coverage for son - His health care coverage will terminate at your ------------------------ retirement and he will be eligible for continued coverage under COBRA. Important Details - A retiree (or spouse) electing not to enroll in the health ----------------- care insurance portion of the Alexander & Baldwin, Inc. Rexxxxx Xealth and Welfare Benefit Plan at retirement cannot enroll later. The only exception to this rule is if a retiree or spouse is covered by another group plan, such as one provided by the spouse's employer. In such a case, the retiree or spouse may waive participation in the A&B plan while covered by the other...
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Related to Medical benefits plan

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Health benefits plan means a benefits plan which pays or

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Retiree means any person who has begun accruing a retirement

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Pharmacy benefits manager means a person that performs pharmacy benefits management.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Pharmacy benefit manager means a person, business or other

  • Retirement program means a program of rights and obligations which a county, city, village, or township establishes, maintains, or participates in and which, by its express terms or as a result of surrounding circumstances, does 1 or more of the following:

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Dental plan means any dental insurance policy, including those of nonprofit health service plans, and those of commercial group, blanket, and individual policies, any subscriber contracts issued by Health Maintenance Organizations (HMOs), and any other established programs under which the insured may make a claim. The term Dental Plan includes coverage under a governmental plan, or coverage required to be provided by law. This does not include a State plan under Medicaid (Title XIX, Grants to States for Medical Assistance Programs, of the United States Social Security Act, as amended from time to time.)

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.