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.

 

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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

Living Benefits: Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.

Incremental Costs And Benefits: Average cost applicable to the issue of each additional unit of debt and equity.

Prescription Drug Benefits: Typically a provision included in a group health plan designed to provide covered employees and their dependents with payment assistance for medically prescribed drugs.

Residual Benefits: Residual benefits can help make up the difference in income if an employee is able to work, but limited in his/her responsibilities due to his/her disability.

Transitional Benefits-Plans: When an employer changes insurance carriers, transition plans enable participants already in treatment to transition to an in-network health provider. It gives the patient and their current . . . View Full Definition

Workers Compensation Indemnity Benefits: Benefits that replace an employee's wages while the employee is unable to work because of a work-related injury or illness.

Supplemental Unemployment Benefits (SUB): Typically found in collective bargaining agreements. SUB pay benefits are taxable payments form a fund which can be combined with state unemployment insurance benefits during periods of tem . . . View Full Definition