Premium Payment Benefits definition

Premium Payment Benefits means the Premium Payment Benefits that are paid for on a pre-tax Salary Reduction basis as described in Section 6.1.
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Premium Payment Benefits means the benefits of this Plan described in Article VI.
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Premium Payment Benefits means the Premium Payment Benefits described in Section 6.1. “Premium Payment Component” means the Component of this Plan described in Article VI. “QMCSO” means a qualified medical child support order, as defined in ERISA § 609(a).
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Examples of Premium Payment Benefits in a sentence

  • Eligibility for Premium Payment Benefits may also be subject to the additional requirements, if any, specified in the Medical Insurance Plan.

  • The maximum contribution that may be made under this Plan for a Participant is the total of the maximums that may be elected as Employer and Participant Contributions for Premium Payment Benefits, as described in Section 6.2. ARTICLE VI.

  • An Eligible Employee can (a) elect benefits under the Premium Payment Component by electing to pay for his or her share of the Contributions for Medical Insurance Benefits on a pretax Salary Reduction basis (Premium Payment Benefits); or (b) elect no benefits under the Premium Payment Component and to pay for his or her share of the Contributions, if any, for Medical Insurance Benefits with after-tax deductions outside of this Plan.

  • When first eligible or during the Open Enrollment Period as described under Article IV, Participants will be given the opportunity to elect Premium Payment Benefits, as described in Article VI.

  • The annual Contribution for a Participant's Premium Payment Benefits is equal to the amount as set by the Employer, which may or may not be the same amount charged by the insurance carrier.

  • All of the amounts payable under this Plan shall be paid from the general assets of the Employer, but Premium Payment Benefits are paid as provided in the applicable insurance policy.

  • While the Employer has complete responsibility for the payment of Benefits out of its general assets (except for Premium Payment Benefits paid as provided in the applicable insurance policy), it may hire an unrelated third-party paying agent to make Benefit payments on its behalf.


More Definitions of Premium Payment Benefits

Premium Payment Benefits means the benefits described in Section 5.1.
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Premium Payment Benefits means the amount set aside for Medical Insurance Benefits under Section 3.2 and credited to the Participant's Premium Only Account.
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Related to Premium Payment Benefits

  • Premium payment plan means a benefit plan whereby state and

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.