Benefit cost definition

Benefit cost means the cost of premiums for…

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Benefit cost means the cost of premiums for medical, dental, vision, prescription drug, and over-the- counter drug coverage for a participant, eligible legal spouse, and dependent children under the benefit plan which a participant is required, as a condition of coverage, to pay. It also includes Health Care Flexible Spending Account, Health Savings Account, and Dependent Care Flexible Spending Account.

Benefit cost means the cost of premiums for medical, dental, vision, prescription drug, and over-the-counter drug coverage for a participant, his or her spouse, and dependent children under the benefit plan which a participant is required, as a condition of coverage, to pay.

Examples of Benefit cost in a sentence

Benefit cost share and accruals will continue as if the employee is at work.
Benefit cost will be calculated assuming the Registered Nurse used Personal Leave at a rate based on the Registered Nurse’s FTE.
Benefit cost will be calculated assuming the Registered Nurse used personal leave at the rate based on the Registered Nurse’s FTE.
The Insurance Benefit cost are $10.50 per month, Payment and Service Benefit cost are $9.00 per month.
The next Fringe Benefit cost proposal based on actual costs for the fiscal year ending June 30, 2017 is due in our office by December 31, 2017.
FRINGE BENEFITS: FICA, Health Insurance Retirement, Tuition Remission Disability Insurance, Unemployment Insurance Life Insurance, Worker's Compensation *This Rate Agreement reflects both F&A and Fringe Benefits Rates.* The next Fringe Benefit cost proposal, based on actual costs for the fiscal year ending May 31, 2023, is due in our office by November 30, 2023.

More Definitions of Benefit cost

Benefit cost means the cost of premiums for coverage for a participant, his spouse and dependent children under the benefit plan in which a participant is required to pay, as a condition of coverage.

Benefit cost means the maximum amount of reimbursement elected by the Participant under the Spending Account or the cost of another type of Benefit as determined by the Company and communicated to Participants from time to time. The Benefit Cost of the coverage shall be determined as of a date specified by the Company.

Benefit cost means the cost of premiums for medical, dental, vision, hearing and prescription drug coverage for a participant, his spouse and dependent children under the benefit plan that a participant is required, as a condition of coverage, to defray.