Health Benefit Continuation definition

Health Benefit Continuation means subsidy by the Company of the portion of the Participant’s COBRA premium that exceeds the amount of the premium paid by active employees for the same coverage for the period following the Participant’s termination of employment with the Company designated in Section 5. The Company will include the subsidy in the Participant’s taxable income and no gross-up will be provided.
Sample 1Sample 2Sample 3
Health Benefit Continuation means payment by the Company of the premium for COBRA coverage, if elected by the Participant and his/her eligible dependents, upon loss of coverage under the Company’s group health plan for active employees of the Company due to termination of employment, until the earlier of (i) the end of the Severance Payment Period, (ii) the date that the Participant becomes eligible for coverage under another group health plan, or (iii) the end of the eighteen (18)-month maximum COBRA coverage period.
Sample 1Sample 2Sample 3
Health Benefit Continuation. The Company will pay the COBRA premiums for continuation of healthcare benefits for you and your eligible dependents for so long as you are otherwise eligible for such coverage during the 12-month period following a Qualifying Termination. You will be responsible for all other costs, such as co-payments and deductibles.
Sample 1Sample 2

Examples of Health Benefit Continuation in a sentence

  • Health Benefit Continuation and Outplacement: Payment of COBRA premiums under the Microsoft Welfare Plan for any COBRA continuation coverage you properly elect for you or your eligible dependents through the six-month anniversary of your termination of employment.

  • If within the 18 or 36 month period the individual or dependent becomes covered under another form of insurance either through employment or marriage, it is advisable at that time to relinquish the COBRA coverage from the Board of Education.Enclosed is a Health Benefit Continuation Notice and Election form along with a premium rate schedule.

  • You can reach the NICB at 800-835-6422 (callers do not have to disclose their names when reporting fraud to the NICB). The Office of the Insurance Commissioner (OIC) at 360-725-7263 or go to www.insurance.wa.gov for more information.Consolidated Omnibus Budget Reconciliation Act (COBRA)Federal Health Benefit Continuation Provision Applicable to the Theatrical and Stage Employees Health and Welfare Trust – Local 15 group health care plan.

  • A‐6 Health Benefit Continuation for Eligible Employees on Family or Medical Leave The Family and Medical Leave Act of 1993 (FMLA), a federal law, provides for up to 12 weeks annually of job‐protected leave.

  • Retiree Health coverage, consisting of health benefits immediately following the Health Benefit Continuation Period under COBRA as set forth in Section 1(b)(1) or Section 2(b)(1), as applicable.

  • Health Benefit Continuation District pays medical benefits during leave including dental.

  • PREMIUM RATES EFFECTIVE 7/1/2018 If you elect the Health Benefit Continuation as an Applicant, you must:(1) Complete and return the Health Continuation Election Form to: Perth Amboy Board of Education178 Barracks Street Perth Amboy, NJ 08861Attn: Mrs.

  • When Dr. Ron retired, he signed a separation agreement which stated that he had vested rights and entitlement to lifetime retiree health coverage: [P]ursuant to the terms of the Employment Agreement, you and your eligible dependents are eligible for EmblemHealth Retiree Health coverage, consisting of health benefits for yourself and your eligible dependents immediately following the Health Benefit Continuation Period under COBRA as set forth in Section l(b) (1) or Section 2 (b) (1), as applicable.


More Definitions of Health Benefit Continuation

Health Benefit Continuation. Compaq will pay the COBRA premiums for continuation of healthcare benefits for you and your eligible dependents during the Separation Pay Period. You will be responsible for all other costs, such as co-payments and deductibles.
Sample 1

Related to Health Benefit Continuation

  • Benefit Continuation Period shall have the meaning set forth in Section 5(b).

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

  • Health benefits plan means a benefits plan which pays or

  • 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.

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

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

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • 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.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • 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.

  • COBRA continuation provision means any of the following:

  • 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:

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • Medical Benefits means medical, optical, or dental benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits.

  • Welfare means that language referring to effects on welfare includes, but is not limited to, effects on soils, water, crops, vegetation, man-made materials, animals, wildlife, weather, visibility and climate, damage to and deterioration of property, and hazards to transportation, as well as effects on economic values and on personal comfort and well-being.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m).

  • 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.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Continuing care retirement community means a residential

  • Retiree means any person who has begun accruing a retirement

  • Dental means of or relating to the teeth and the work of a dentist.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).