Benefits Package: A term informally used to refer to the employer's benefits plan or to the benefits plan options from which the employee can choose. 'Benefits package' highlights the fact a health benefits plan is a compilation of specific benefits.

 

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Benefits Package: A term informally used to refer to the employer's benefits plan or to the benefits plan options from which the employee can choose. 'Benefits package' highlights the fact a health benefits p . . . View Full Definition

Flexible Benefits Plan: A type of benefits program that offers employees a menu of benefit options, allowing them to create a benefits package which best suits their individual needs.

Package Mortgage: A mortgage on a house and property in the house.

Package Tour: A tour that includes pre-paid transportation, accommodations and/or some combination of other tour elements, such as meals, transfers, sightseeing or car rental. A package tour may include m . . . View Full Definition

Package Loan: A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances.

Packager: Entity that puts together the tour product.

Package: Tickets or services bundled together and sold at single all-inclusive price.

Out-Of-Area Benefits: Benefits the health plan provides to covered persons for covered services obtained outside of the network service area. The details of such benefits will vary from plan to plan.

Portable Benefits: Benefits or accumulated assets that you can take with you when you leave your employer or switch jobs are described as portable. For instance, if you contribute to a 401(k), 403(b), 457, or . . . View Full Definition

Other Income Benefits: While disabled, an employee may be eligible for benefits from other sources. Benefits payable under the Long Term Disability plan may be reduced by other sources of income such as Social Sec . . . View Full Definition