A payment or entitlement, such as one made under an insurance policy or employment...
The amount your insurance company pays for medical services.
Services available to a member as defined in the contract. Benefit design includes the types of benefits offered, limits (e.g. number of visits, percentage paid or dollar maximums applied), and subscriber responsibility (cost sharing components).
The money paid by the life insurance company when a claim is made.
A commuted value, pension, refund or any other entitlement payable to the plan member (or a survivor of the plan member) by the pension plan.
The amount of money that a member is entitled to receive from a superannuation fund on retirement, death, disablement, or other circumstances specified in the Trust Deed.
Within worker's compensation cases, "benefit" refers to the insurance payment resulting from a fatal accident on the job; it differs from "compensation," which refers to payment provided for injury without death.
A monetary benefit payable under Part I of the Social Security Act 1964 and includes: an Unemployment Benefit a Sickness Benefit New Zealand Superannuation Veteran's Pension (payable under the Social Welfare (Transitional Provisions) Act 1990) Transitional Retirement Benefit (payable under the Social Welfare (Transitional Provisions) Act 1990) Living Alone Payment payable under (payable under the Social Welfare (Transitional Provisions) Act 1990) Accommodation Supplement A Child Disability Allowance A rent rebate certified under the Social Security Act 1964 A Disability Allowance A Transition to Work Allowance A Tenure Protection Allowance
Services and supplies a health plan pays for. The term also refers to the amount a health plan will pay.
Package of services and programs provided to employees. date, name, type, grade description, duration, terms and conditions Includes: Health and life insurance, counseling services.
In relation to superannuation, the entitlement (eg. pension, lump sum, annuity) received by the member after his or her employment has ceased.
When a life insurance claim is made this is the money paid to the policy holder
Monetary sums payable to a recipient, contingent upon the occurrence of the conditions set out in the policy. Not synonymous with indemnity. (See also: indemnity.)
in relation to superannuation, the entitlement to a lump sum, pension or annuity.
A payment or option available under the terms of an insurance policy.
The amount payable by an insurer to a claimant, assignee or beneficiary.
potential items you can receive payment for under your insurance policy. Example: an eye care benefit of $50 would pay $50 for eye care.
a health care service or supply that is paid for in part medicare coverage of procrit or in full by Medicare
The sum of money specified in a life insurance contract to be paid to the beneficiary when a loss occurs.
Covered service that a member is entitled under the terms of his/her policy. Health plan members can view their Summary of Benefits at My Optima.
the entitlement to a lump sum, pension or annuity in relation to superannuation.
The amount payable by the insurance company to the holder, assignee or beneficiary of the insurance policy when a loss covered by the policy occurs.
Covered Services to which the Member is entitled under the terms of the policy. Benefit payments may be paid to the Member (or Subscriber), or on his behalf, to the medical provider. Benefit design includes the types of benefits offered, limits e.g., number of visits, percentage paid or dollar maximums applied, subscriber responsibility (cost sharing components), or Subscriber incentives to use network providers.
A payment from a superannuation fund. There are different sorts of benefits which are paid in different circumstances. For example, a retirement benefit is payable when you retire. Other benefits that are often provided by superannuation funds are death benefits and disability benefits.
Amount payable by the health plan for a claim
Generally any form of payment to which a person may become entitled under the rules of a pension plan.
The amount to be paid from the annuity to the claimant or beneficiary.
Under the FRS Pension Plan, any monthly payment from the retirement trust fund to a member, retiree, or beneficiary.
Health services covered by Health Plan Hawaii according to plan certificates.
The amount of an unemployment insurance payment to a claimant.
In insurance, the sum of money payable upon the happening of the conditions set out in the insurance policy. For example, the benefit is payable in a life insurance policy upon the death of the insured.
The sum provided in an insurance policy to be paid for certain types of loss under the terms of an insurance policy. For example, a workers' compensation policy may provide that certain sums be paid for death, loss of limbs or sight, or loss of time. These specified amounts are the benefits provided by the policy.
The type of payment you will be entitled to upon retirement from your plan.
The amount that someone receives from a Medicare insurance plan.
The money paid by an Insurance company when a claim is made. This is usually made by a life insurance company but benefits would also be paid by a Personal Accident & Sickness Insurer for example.
The right of the participant to either cash or services after meeting eligibility requirements, usually monthly payments payable on retirement or disability.
to be useful or profitable to better, improve, or help. In the Health insurance industry a benefit is the actual amount made payable by the health insurance company to a claimant, assignee, or beneficiary when the insured party incurs a loss.
Something promoting well being. Payments made or entitlements available in accord with an agreement.
Funds that students are entitled to under special conditions.
A benefit is the amount paid by an insurance company to you or your beneficiary when you file a claim. | Back
A specific cost, fee or procedure covered by a Health Insurance Policy.
The amount payable by a third party toward the cost of various covered dental services or the dental service or procedure covered by the plan.
payment an insurance company makes for a service covered under the plan.
A benefit payable under the CPP, including a pension.
The amount payable by the insurance company to a claimant, assignee, or beneficiary when the insured suffers a loss covered by the policy.
The amount payable by the insurance company to a claimant, assignee or beneficiary under each policy.
A payment or series of payments made under specified circumstances from an insurance policy or pension scheme.
The amount of money paid when an insurance claim is approved.
the amount of money in a superannuation fund or RSA, that a fund member or RSA holder is entitled to.
The amount a member would be entitled to receive on withdrawing from a superannuation fund.
Amount payable by the insurance company to you, your assignee or beneficiary when the you suffer a loss. benefit period: The interval in which you are able to receive benefits. Typically, the benefit period begins with the first medical service received for an illness and ends after you have not been hospitalized due to the condition for 60 consecutive days.
The amount of a member's entitlement in the fund, or, in the event of the member's death, to which the other beneficiaries are entitled. Other than in cases of death or disablement, most benefits are only payable on retirement.
Amount payable by the insurance company to a claimant, assignee, or beneficiary when the insured suffers a loss. J K M N O X Y Z
A health care service payable under a subscriberâ€™s contract.
(1) For an insurance contract, the amount of money that is paid as compensation when the loss insured against occurs. (2) For an annuity contract, the periodic payments made as specified in the contract.
A health care product or service that is paid for (in part or whole) by the insurance company.
A benefit is any income support that pays for living costs and is paid to both you and your partner - such as the Unemployment Benefit, Invalids Benefit, or New Zealand Superannuation (a war pension isn't counted as a benefit).
Payments provided for Covered Services under the terms of the Health Benefit Plan. The Benefits may be paid to the insured, or on his/her behalf, to the medical provider.
This is the amount paid by the insurance company to you or your beneficiary against any claims.
A broad term used to describe a super entitlement that is paid to you and/or your beneficiaries. It can be in the form of a lump sum or a pension or annuity.
Amount of money provided by an insurance policy to be paid for losses covered under the terms of the policy.
The amount of money payable by a health or dental plan for the cost of covered services, as defined in the Certificate of Coverage.
The amount of money paid when a claim is approved; also referred to as policy benefit.
A right to money or services under an insurance.
in relation to superannuation, a memberâ€™s entitlement in the form of a lump sum, pension or annuity.
An amount payable from an annuity by the insurance company or the self-insured entity to a claimant or beneficiary.
The money paid to the policyholder when a claim is made.
Amount an insurance company pays to a claimant, assignee or beneficiary when the insured suffers a covered loss, injury, accident etc.
Money paid to a policyholder by his or her insurance company.
The money to be paid by an insurance company under the terms of the insurance policy.
Amount payable to the insurance company to the claimant, assignee or beneficiary when the insured suffers a loss.
Amount payable by the insurance company to a claimant, assignee, or beneficiary when an insured person suffers a loss.
An entitlement received.
When referring to AustralianSuper insurance, benefit means: the dollar amount payable to a memberâ€(tm)s beneficiaries and/or dependants in the event of the memberâ€(tm)s death or to the member in the event of their disablement. This includes any insured benefit payable plus the memberâ€(tm)s account balance in the Fund. Income Protection benefits comprise the insured amount only.
That amount payable under an insurance policy because of an accident injury or illness.