Maximum Benefit definition

Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

Maximum Benefit means the largest total amount of Covered Expenses that the Company will pay for You.

Maximum Benefit means the maximum benefit provided for Covered Services (and Orthodontic Services if specifically included as a Covered Service) which is set forth in the Summary of Dental Plan Benefits.

Examples of Maximum Benefit in a sentence

• MAXIMUM BENEFIT PAYMENTS Class I, Class II, and Class III Services Combined $2,000 Per Covered Person Per Benefit Year Class IV Services............................................................$1,500 Per Covered Eligible Dependent Child Per Lifetime Note: Benefits payable for covered oral evaluations (examinations) and “routine” prophylaxis (cleanings) will not reduce the annual maximum benefit payment per person that applies to combined Class I, Class II, and Class III covered dental services.

• MAXIMUM BENEFIT The combined maximum benefit for the Basic and Optional Life Insurance plans is $1,000,000.

• CPP offsets DEDUCTIBLES HEALTH INSURANCE Hospital – None Drug - $25 annually for family or single Others – None REIMBURSEMENT Hospital – 100% Drug – 100% Others – 90% Out of country – 100% MAXIMUM BENEFIT Unlimited $1,000,000 out of Canada PRESCRIPTION DRUGS Pay Direct Drug Card – legally requiring a prescription HOSPITAL Semi-private to $200/day PARAMEDICAL $300/year per practitioner VISION CARE $300 every 24 months.

• CPP offsets DEDUCTIBLES HEALTH INSURANCE Hospital – None Drug - $25 annually for family or single Others – None REIMBURSEMENT Hospital – 100% Drug – 100% Others – 90% Out of country – 100% MAXIMUM BENEFIT Unlimited $1,000,000 out of Canada PRESCRIPTION DRUGS Pay Direct Drug Card – legally requiring a prescription HOSPITAL Semi-private to $200/day PARAMEDICAL $300/year per practitioner VISION CARE $210 every 24 months.

• MAXIMUM BENEFIT LIMITS FOR THE ACCIDENT BENEFIT The maximum amount payable under the Accident Benefit is £300,000 or US$500,000 or €500,000 or AED1,835,000.

More Definitions of Maximum Benefit

Maximum Benefit means the total benefit allowed under this agreement for covered health care services for a particular condition or service. When you receive covered health care services from a network provider, the provider has agreed to accept our allowance as payment in full. You will be responsible to pay the difference between the maximum benefit and our allowance, and any applicable copayments and deductibles. When you receive covered health care services from a non-network provider, you will be responsible for the provider’s charge. Our reimbursement will be based on the lesser of our allowance, the non-network provider’s charge, or the maximum benefit; less any copayments and deductibles, if any. MAXIMUM OUT-OF-POCKET EXPENSE means the total amount that you must pay each plan year for certain covered health care services. We will pay up to 100% of our allowance for the rest of the plan year once you have met the maximum out-of-pocket expense.

Maximum Benefit means the vested retirement benefit payable from the Retirement Plan under either the Final Average Pay Formula or the Cash Balance Formula, as provided in Article IV and as calculated based upon the Participant’s marital status, Beneficiary, credited service, and earnings for services rendered to the Company, to the extent such are permitted by the Code and the Retirement Plan to be taken into account under the Final Average Pay Formula or the Cash Balance Formula, as applicable.

Maximum Benefit means the monthly equivalent of the maximum benefit permitted by the Code to be paid to a participant in the Company's Pension Plan, taking into account all limitations required by the Code in order for the Pension Plan to retain its qualified status under Section 401 of the Code.

Maximum Benefit means the benefit a retiree or beneficiary is entitled to receive from the retirement system in any month after giving effect to section 169.070.16, RSMo designed to conform to the annual benefit limit set forth in section 415 of Title 26 of the United States Code as amended.

Maximum Benefit means the monthly allowance a retiree or beneficiary is entitled to receive from the retirement sys- tem, to the extent the pension component of such allowance does not exceed the annual benefit limit set forth in section 415 of Title 26 of the United States Code, as amended.

Maximum Benefit means the maximum annual Supplemental Benefit payable from the Plan as determined under Section 3.4.

Maximum Benefit means the maximum annual benefit payable in dollars permitted to be either accrued or paid to a participant of any Base Plan, as determined under all applicable provisions of the Code and ERISA, specifically taking into account the limitations of Code Sections 401(a)(17) and 415, and any applicable regulations thereunder. It is specifically intended that the Maximum Benefit, as defined herein, shall take into account changes in the dollar limits under Code sections 401 (a)(17) and 415, and benefits payable from this Plan and the Base Plan shall be adjusted accordingly. In addition, if a Base Plan limits the accrued benefits of any Participant by restricting the application of future changes in such dollar limits with respect to such Participant, benefits payable under this Plan shall nevertheless be determined on the full amount that would have been permissible absent such restrictions under the Base Plan.