QUALIFIED PLAN

qualified plan.1. See qualified pension plan under PENSION PLAN. 2. See qualified profit-sharing plan under PROFIT-SHARING PLAN.  [Blacks Law 8th]

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QUALIFIED OPINION

qualified opinion.An audit-report statement containing exceptions or qualifications to certain items in the accompanying financial statement. [Blacks Law 8th]

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QUALIFIED MEDICAL CHILD-SUPPORT ORDER

qualified medical child-support order.A family-court order that enables a nonemployee custodial parent — without the employee parent’s consent — to enroll the child, make claims, and receive payments as needed under the employee parent’s group health plan, all at the employee parent’s expense. • The group-health-plan administrator must find that the order meets the requirements…

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