Benefit Value definition
Benefit Value means the amount specified by the School as the cost to the School of the Benefit provided including Fringe Benefit Tax, if any.
Benefit Value means the amount specified by the school as the cost to the school of the Benefit provided including Fringe Benefit Tax, if any.
Benefit Value means a numerical value based on the expected dollar value of benefits payable to an insured under a health benefit plan. The benefit value must be calculated by the small employer carrier using an actuarially based method and must take into account all health care expenses covered by the health benefit plan and all cost-sharing features of the health benefit plan, including deductibles, coinsurance, copayments, and the insured individual's maximum out-of-pocket expenses. The benefit value must apply equally to indemnity-type health benefit plans and to managed care health benefit plans, including health maintenance organization-type plans.
Examples of Benefit Value in a sentence
Benefit Value – The monetary amount that has been paid by the employer (either through a deduction or subsidy) on behalf of the employee.
RTA shall make available to Employer two ( 2 ) calendar days after the Cut-off Date for that applicable Benefit Period an invoice / funding report for the administration fee and the Benefit Value (collectively referred to as the “Order”).
More Definitions of Benefit Value
Benefit Value means the amount specified by the Employer as the cost to the Employer of the Benefit provided including Fringe Benefit Tax, if any; and
Benefit Value means the amount specified by and at no cost to the College of the benefit provided including Fringe Benefit Tax, if any.
Benefit Value means a numerical value based on the expected dollar value of benefits payable to
Benefit Value means the amount specified by SCEA as the cost to SCEA of the benefit provided including Fringe Benefit Tax, if any.
Benefit Value means the amount determined in accordance with Section 5.3 with respect to each Title Benefit which is accepted by Buyer or determined to be a Title Benefit pursuant to Section 5.2.
Benefit Value means the amount specified by the school as the cost to the school
Benefit Value means a value calculated by the department of the benefit the business makes available to all full-time employees as described below: