Split
dollar plans usually terminate upon an event specified in the contract, such as retirement, OR upon the employee's death.
Split
dollar plans usually terminate upon an event specified in the contract, such as retirement, OR upon the employee's death.
Not exact matches
With dental insurance, it's the opposite: the insurance company pays for semi-annual cleanings, xrays, and other costs up to a certain annual maximum
dollar amount (
usually a very low amount, in the $ 1,000 to $ 2,000 range), after which you pay for everything out of pocket (or wait until the following
plan year for the additional care).
Split
Dollar Plan: An arrangement in which two parties,
usually an employer and employee, jointly purchase the policy, pay premiums and share in the policy's benefits.
Instead of being out thousands of
dollars in cruise costs, travel insurance will reimburse you (up to the
plan limit) for the unexpected transportation costs (
usually air and / or water) so you can catch up to your cruise in the next port.
It
usually costs 4 - 10 % of the insured trip cost, so these
plans can easily be in the hundreds of
dollars.
This means you can purchase the
plan, get the actual policy and read through it, and return it for any reason for a full refund (minus a small admin fee,
usually only 3 - 5
dollars)
Auto insurance
plans usually cost over $ 1000 a year, so you'll find that a 10 % reduction adds up to hundreds of
dollars over 3 years.
The cost of a
plan is relatively negligible,
usually in the neighborhood of a few hundred
dollars a year, although the exact cost will vary by provider and according to your particular set of needs.
Oh my, if I had a
dollar for every time I've had that feeling......... it
usually comes after the
planning, excitement & enthusiasm of starting a new project.