qualified beneficiary
1qualified beneficiary — USA An individual covered under a group health plan on the day before a qualifying event who has the ability to elect continued health care coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). Qualified beneficiaries …
2Qualified Disclaimer — A refusal to accept property that meets with provisions set forth in the Internal Revenue Code Tax Reform Act of 1976 allowing for the property or interest in property to be treated as an entity that has never been received. These types of… …
3Qualified personal residence trust — The following article on personal residence trusts and qualified personal residence trusts is taken from attorney Jacob Stein s treatise on tax planning, with his permission. Residence trusts are used to transfer a grantor’s residence out of the… …
4Qualified Distribution — Distributions made from a Roth IRA that are tax and penalty free. In order to be a qualified distribution, the following two requirements must be met: 1) It must occur at least five years after the Roth IRA owner established and funded his/her… …
5Qualified Trust — A tax advantaged fiduciary relationship between an employer and an employee in the form of a stock bonus, pension, or profit sharing plan in which the underlying beneficiary may use his or her life expectancy to determine required minimum… …
6Designated Beneficiary — The person who determines how long the retirement plan will survive as a tax deferred vehicle under the laws governing certain retirement plans. The designated beneficiary must be a person, or in certain situations, a trust for designated… …
7Spousal Beneficiary Rollover — A transfer of retirement fund assets to the spouse of the deceased. The transfer is generally done in one of two ways. The first way is for the retirement account to remain intact and simply be renamed to reflect the new owner. The second way is… …
8Voluntary Employees Beneficiary Association Plan - VEBA — A tax free post retirement medical expense account used by retirees and their eligible dependents to pay for any eligible medical expenses. The plan is funded by the amount of unused sick leave that an employee has at the time of retirement,… …
9qualifying event — n: an event or condition (as a terminal illness) that permits an acceleration or continuation of benefits or coverage; esp: an event involving an employee covered by a group health insurance plan that would result in a termination of coverage for …
10PQB — Program In Quantitative Biology (Academic & Science » Universities) PowerQuest Batch File (Computing » File Extensions) *** Plant Quarantine Branch (Governmental » US Government) *** Primary Qualified Beneficiary (Business » General) ** Photo… …
