Employers that offer the benefit typically provide about $100 a month for a set number of years or with a lifetime maximum
, often around $10,000.
For the purposes of their study, the researchers calculated each participant's BMI using the maximum weight each of the individuals had in their lifetimes, to arrive at the lifetime maximum
* There is an election, subject to a $40,000 lifetime maximum
, under which church employees may exceed their Internal Revenue Code (IRC) Section 415 percentage limit-generally, 100% of compensation-up to an annual maximum of $10,000.
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
. The removal of this maximum means that individuals are less concerned about cost-shifting than they once were, which should result in savings to the workers compensation system.
PPACA eliminates an insurance company's ability to impose a lifetime maximum
on how much it can pay out.
Mean number of cigarettes smoked per day prior to the treatment was 23.19 (SD = 9.40, range of 10 to 70), whilst mean lifetime maximum
number of cigarettes per day was 36.75 (SD = 12.50), with a range of 10 to 80 cigarettes (see Table 1).
* An increase in the orthodontic lifetime maximum
from $1,500 to $1,750 per enrollee.
The lifetime maximum
for a pension fund was also cut to PS1.4 million from the previous unlimited maximum.
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
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.
Unlimited Benefits: Most carriers currently have a $2,000,000 (individual/group) lifetime maximum