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Plan provision refers to the specific terms and conditions outlined in a financial or insurance plan that dictate how benefits will be delivered or how obligations are met. This can include details on eligibility, coverage limits, premium payments, and the procedures for filing claims. Essentially, it serves as the framework that governs how a plan operates and what participants can expect. Understanding plan provisions is crucial for beneficiaries to know their rights and responsibilities under the plan.

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2mo ago

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