lifetime maximum

lifetime maximum

Health insurance The maximum benefits available to a member during his/her lifetime, which all benefits furnished are subject to this maximum unless stated as unlimited
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It provides all Grade 12 graduates $500 per year to a lifetime maximum of $2,000.
Because of this cap, those who sustained work injuries went out of their way to make certain that any medical treatment received as the result of a work injury was apportioned to the workers compensation carrier so that it would not impact their personal lifetime maximum.
An increase in the orthodontic lifetime maximum from $1,500 to $1,750 per enrollee.
The health insurance industry has dealt with such issues as pre-existing conditions, allowing dependents up to age 26 to remain covered by their parents' health insurance, and banning lifetime maximum insurance limits.
Five or six years ago policies often had unlimited lifetime maximum benefits with 5 percent compounded inflation protection.
Insurance companies can no longer impose a lifetime maximum on health care benefits, and annual caps will be phased out over the next three years before being completely eliminated in 2014.
One of the first requirements of the new law calls for group and individual health insurance plans to pay all preventive care, with no lifetime maximum.
Unlimited Benefits: Most carriers currently have a $2,000,000 (individual/group) lifetime maximum benefit.
If the previous $500 lifetime maximum has already been used by an individual for qualifying expenditures in 2006 and/or 2007, that person can now incur additional qualifying property costs in 2009 and/or 2010 and be eligible for a residential energy property credit of up to $1,500 over both years.
Shared care protection--Shared care allows married couples to tap into each other's coverage should one of them exhaust their own lifetime maximum benefit.
The three service contracts are Lifetime Powertrain Care Coverage, Lifetime Added Care Plus and Lifetime Maximum Care.
The company is also piloting a program in which high school student employees can receive one tuition-reimbursement dollar for every hour they work, with a lifetime maximum of $2,000.

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