Annual Limit means,
Annual Limit refers to Many health insurance plans have a one-dollar limit on claims that the insurance company will pay for one year. Effective September 23, 2010, the annual dollar limit for the PPACA phase will expire for the next three years until 2014, when this limit is not allowed for most projects. Excluded plans have exceptions to this rule. With the exception of the exemption packages, the annual limit should not be less than 2 2 million as of September 23, 2012. With the exception of the exemption plans, all annual dollar limits for essential healthcare coverage will be restricted until January 1, 2014.
Meaning of Annual Limit: The annual limit is the maximum amount that the insurer pays to cover the compensation in one year.
Almost all policies have an annual limit. However, under the Affordable Care Act, health insurers are prohibited from limiting each year what they deem necessary, such as hospitalization and the purchase of prescription drugs.
Annual Limit means, Total benefit paid by the insurance company in one year when you are registered with the health insurance company.
Literal Meanings of Annual Limit
Meanings of Annual:
Books or magazines are published once a year with the same title but different content.
Sentences of Annual
The sponsored walk became an annual event.
Synonyms of Annual
once-a-year, every twelve months, yearly
Meanings of Limit:
Set or present a limit for.
A point or plane where nothing can expand, expand, or cross.
Restrictions of any size or quantity are allowed or possible.
A point or value from which a sequence, function, or sum in a series can be slowly estimated until it approaches the desired point or value.
Sentences of Limit
Limitations of presidential powers
In fact, the configuration changes to a range, the value of which is 2.7182818.
Synonyms of Limit
maximum, keep within bounds, curb, peg, hold in check, ceiling, hold, place a limit on, restrain, put a brake on, cap, upper limit, check, limitation, freeze, restrict