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;
Medical benefits plan means a silver or higher level essential health benefits package, as defined in 42
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...
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,
Medical benefits plan means an essential health benefits package, as defined in 42 U.S.C. § 18022, or an equivalent plan.
Medical benefits plan means medical care (focused on treating illnesses and injuries) and health care (focused on promoting health and preventing illnesses and injuries);
Medical benefits plan means medical care (focused on treating illnesses and injuries) and health care (focused on promoting health and preventing illnesses and injuries); “Minimum compensation” means the minimum wage in addition to received employee tips and reported to the Internal Revenue Service, and money paid by the