Lifetime Maximum Benefit Amount: The maximum dollar amount set by an MCO that limits the total amount the plan must pay for all healthcare services provided to a subscriber in the sub-scriber's lifetime.

 

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Lifetime Maximum Benefit Amount: The maximum dollar amount set by an MCO that limits the total amount the plan must pay for all healthcare services provided to a subscriber in the sub-scriber's lifetime.

Minimum Monthly Benefit: There is usually a minimum amount paid as a monthly benefit after reductions for 'Other Income Benefits'.

Maximum Unambiguous Range: The pulse-repetition frequency (prf) of a radar system determines the maximum operating range of the radar before ambiguities start to occur. This is called the maximum unambiguous range of

Maximum Tolerated Dose (MTD): Loosely, the highest dose of a chemical that when administered to a group of test animals does not increase the death rate during a long-term study. The purpose of administering MTD is to de . . . View Full Definition

Maximum Takeoff Weight: The maximum weight of any aircraft on takeoff without exceeding its load factor. (MTOW)

Net Benefit To Leverage Factor: A linear approximation of a number, that enables one to operationalize the total impact of leverage on firm value in the capital market imperfections view of capital structure.

Notional Principal Amount: In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based.

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.

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

Older Workers Benefit Protection Act (OWBPA) Of 1990: OWBPA amended the ADEA prohibiting all employers from age discrimination in employee benefits programs by either providing equal benefits for older and younger workers or by spending an equa . . . View Full Definition