the maximum dollar amount a program will pay toward the cost of dental care incurred by an individual or family in a specified period, usually a calendar year.
The retiree receives the maximum possible lifetime monthly benefit possible with no continued monthly benefit when he or she dies.
For disability benefits, the maximum dollar amount an insured will receive while disabled. For health benefits, the total dollar amount the insurer will pay on any given individual.
The maximum amount any one individual may receive under an insurance contract.
The most an insurance carrier will pay during a specified time period.
Insurance companies set a maximum amount that they will pay out in benefits for each person covered under the plan. (Plan maximum)
The maximum dollar amount a benefit program will pay toward the cost of care for an individual or family in a specific period.
The largest benefit amount that a defined benefit pension plan is legally permitted to provide to a plan participant. In the United States, the maximum benefit is determined under Section 415 of the Internal Revenue Code. The maximum benefit is subject to legislative change and is generally indexed to inflation so that it increases as price levels increase. In Canada, a maximum pension benefit is also established under taxation rules. See also contribution limit and section 415 limits.
The total dollar amount a dental program will pay toward the cost of dental care incurred by an individual or family in a specified period, i.e., a contract year.
The maximum dollar amount a dental plan will pay toward the cost of dental care incurred by an individual or family in a specified policy year.
