Benefit cost definition

Benefit cost means the cost of premiums for…
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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.
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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.
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Examples of Benefit cost in a sentence

  • Benefit cost ratios were estimated using 2010 full measure claim content tracking data, as submitted by the utilities.

  • The Autism Benefit cost settlement will compare, on an accrued basis, the Autism Benefit interim payments to the cost of ABA services, including the cost of assessments whether they resulted in the need for ABA services or indicated that ABA services were not required.

  • Benefit- cost analysis is one way to illustrate that a project is meritorious and deserves funding.If the cost-effectiveness of the hazard mitigation projects imple- mented was originally determined by benefit-cost analyses (BCA), the planning team may consider reviewing the old BCA to deter- mine whether the costs and benefits were close to what was esti- mated, or whether there were unforeseen costs or benefits.

  • Benefit cost items and Alberta inflation are used in year over year comparative analysis.

  • I knowingly and freely accept and assume all of those risks.In addition, I knowingly and freely accept the risks of traveling to, from and between Tour de Crème event locations over public roads upon which hazards are to be expected.Further, I attest and certify that I am physically fit and capable of cycling the entire length of the route I have chosen.

  • Benefit cost analysis practices need to be updated, and the state should conduct a comprehensive needs analysis to understand natural gas capacity, power generation and heating and other end-use demand and consider this in the context of the state’s economy-wide decarbonization goals.

  • Benefit cost ratios are similarly misleading, as are traditional business indicators such as payback period: both are incorrect indicators of economic profitability.27 9.

  • Benefit cost rates are benefits paid as a percent of total wages in taxable employment.The SC General Assembly has adopted the Department of Labor’s recommendation that a state have an AHCM of 1.0, which means that the state has enough funds to pay one year of benefits at the Average High Cost.

  • As a direct result of Defendants’ admissions and the public revelations regarding the restatement of its earnings for the past six years and that it had received additional subpoenas from the SEC and the New York State Attorney General’s Office, which could lead to additional restatements, MBIA’s common stock price plummeted approximately 8%, falling from $56.64 per share.

  • These models are based on the following assumptions:U Medicaid costs: Health care costs are based on the SFY 2012 study group described in Appendix A.U Benefit cost: The model assumes a capitated rate of $5,400 annually for the benefit ($450/monthly).Supportive Housing Services Benefit Investment Model 1Based on FY12 costs of 2,042 chronically homeless individualswith average annual healthcare costs of $33,459.Average PerBeneficiary2,042BeneficiariesG.


More Definitions of Benefit cost

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.
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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.
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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.
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Related to Benefit cost

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Administrative cost means a fee imposed to cover:

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after the effective date of the NYSE listing standard, (ii) after the person became an Executive Officer and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Final compensation of a member means:

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Final Average Compensation means the average annual

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Creditable compensation means the full compensation payable annually to an employee working

  • Insurance Amount has the meaning set forth in Section 6.08(c).