Benefit Option definition

Benefit Option means any benefit listed in Exhibit A and for which an Eligible Employee may elect to make pre-tax contributions pursuant to Article VI and Article XII of the Plan.

Benefit Option means an option for coverage within an underlying Component Benefit (such as a particular “benefit package” within a group health plan).

Benefit Option means the medical plan, dental plan, vision plan, and health flexible spending account (HFSA).

Examples of Benefit Option in a sentence

• Mail Order Drug Benefit Option The mail order drug benefit option is available for maintenance medications (those that are taken for long periods of time, such as drugs sometimes prescribed for heart disease, high blood pressure, asthma, etc.).

• The Benefit under this Benefit Option shall be subject to waiting period and exclusions under Part F of this Master Policy.

• For details, call Our toll free number shown on the Certificate Face Page.LIFE INSURANCE: ACCELERATED BENEFIT OPTION (ABO) FOR YOU For purposes of this section, the term “ABO Eligible Life Insurance” refers to each of Your Life Insurance benefits for which the Accelerated Benefit Option is shown as available in the SCHEDULE OF BENEFITS.

• Employees who select the Modified Benefit Option must commit to work a minimum of 1,560 hours per calendar year.

• These events do not allow you to make changes to your Health Care FSA election.a. Addition of or Significant Improvement to a Benefit Option: Allows you to add or revoke your election with respect to a new benefit package option (or a significant benefit improvement) offered by your employer.

More Definitions of Benefit Option

Benefit Option means the options described in the Benefit Options section of this contract.

Benefit Option means an option for coverage within an underlying Component Benefit (such

Benefit Option means any of the following benefits that the Employer specifies in Item IV of the Adoption Agreement, which Employees can elect and pay for with pretaxsalary reduction contributions: the Medical Plan, the Dental Plan, the Accidental Death and Dismemberment Plan, the Group Term Life Insurance Plan, the Disability Plan, the Medical FSA, the Dependent Care FSA, and Health Savings Account contributions.

Benefit Option means a Qualified Benefit (including any separate option for coverage under an underlying accident or health plan) or a Permitted Taxable Benefit that is offered under a Component Plan.

Benefit Option means a benefit available to a Participant under the Plan as set forth in the Summary Plan Description. Benefit Options may include any welfare benefits excludable from the Employee's taxable income under applicable sections of the IRS Code and Income Tax Regulations. To be an eligible Benefit Option qualifying for pre-tax treatment under the Plan, a benefit must be specifically listed in the Summary Plan Description currently in force.

Benefit Option means the option chosen by the Policyholder at Policy inception, as specified in the Policy Schedule. The benefits offered under the Policy will be based on the option chosen at inception and cannot be changed later on during the Policy Term.

Benefit Option means any of the following: