Qualified Benefits definition

Qualified Benefits means the benefits identified in Appendix A that are available to Eligible Employees and for which an Eligible Employee may pay for his or her share of their cost through the Flexible Benefits Plan hereunder.
Qualified Benefits means the HRA benefit under this Plan.
Qualified Benefits means the following Benefits for which Employee Contributions are made on a pre-tax basis under the Cafeteria Plan and as set forth in the Related Documents:

Examples of Qualified Benefits in a sentence

  • Employer must contribute to provide Qualified Benefits on behalf of each Qualified Employee, regardless of whether an Employee makes a salary contribution of their own.

  • Applies to Elections of Qualified Benefits and Elections with Respect to the Dependent Care Flexible Spending Account).

  • In the event participation in Qualified Benefits need to be reduced for a class of Participants, the Administrator will reduce the participation in Qualified Benefits for each affected Participant, beginning with the Participant in the class who elected the greatest participation in Qualified Benefits, continuing with the Participant in the class who elected the next greatest participation in Qualified Benefits, and so forth, until the defect is corrected.

  • Each claim will be substantiated by the submission of a third-party statement that shows that the claim is for a Qualified Benefits Expense, or by automated means that comply with guidelines established under IRS Rev.

  • If an Employee is not eligible to participate in this plan and allowed to participate under any Qualified Benefits Plan, then the Employee cost will be paid with taxable income, and the Compensation will not be reduced by the Employer.


More Definitions of Qualified Benefits

Qualified Benefits means benefits which are generally not includable in a Participant’s gross income and which may be purchased under a cafeteria plan pursuant to Section 125(f) of the Code.
Qualified Benefits means one or more of the Plans specified in Section II of the Summary Plan Description under Benefit Options.
Qualified Benefits means one or more benefits plans offered by the Plan Administrator in the Cafeteria Plan for use in the Flexible Benefits Plan. For the Cafeteria Plan, the Plan Administrator shall only permit insurance premium expenses to be made by a participant on a pre-tax basis under those insurance plans which qualify for pre-tax contributions under Section 125 of the Internal Revenue Code and regulations promulgated thereunder. The Plan Administrator shall certify its selections and related periods of coverage, a record of which shall be permanently maintained as part of the written State Employees Benefits Plan documents.‌ 260:40-23-3. Requirements for participation ‌ Upon submission of an application for participation any eligible employee may participate in the insurance premium conversion option for qualified insurance plans, if:
Qualified Benefits means one or more benefits plans offered by the Plan Administrator in the Cafeteria Plan for use in the Flexible Benefits Plan. For the Cafeteria Plan, the Plan Administrator shall only permit insurance premium expenses to be made by a participant on a pre-tax basis under those insurance plans which qualify for pre-tax contributions under Section 125 of the Internal Revenue Code and regulations promulgated thereunder. The Plan Administrator shall certify its selections and related periods of coverage, a record of which shall be permanently maintained as part of the written State Employees Benefits Plan documents.
Qualified Benefits means the benefits under the Select Benefits plan for medical, dental, vision, life insurance, accidental death and dismemberment insurance, survivor benefits, and/or short-term or long-term disability insurance coverage
Qualified Benefits means any benefit excluded from the Employee’s taxable income under Code §125 (f) (other than §106(b), 117, 124, 127, or 132) and any other benefit permitted by the Income Tax Regulations (i.e., any group term life insurance coverage that is includible in gross income by virtue of exceeding the dollar limitation on nontaxable coverage under Code §79). Long-term care insurance shall not be a qualified benefit for any component hereunder, but shall qualify for Health Savings Accounts.