Inpatient hospital, skilled nursing facility, and intermediate care facility services for patients in institutions for mental disease who are: 1  Under 21 years of age. 2  Under 22 years of age and was getting services when you turned 21 years of age. 3  65 years of age or older.
Breakpoint. A breakpoint is the level at which your account balance in a mutual fund company or the size of a new investment in the company's funds qualifies you to pay a reduced sales charge. Fund companies that charge a percentage of the amount you invest as a front-end load, or sales charge, may offer this cost saving.
DEFINITION of 'Breakpoint Sale' The sale of a mutual fund at a set dollar amount that allows the fundholder to move into a lower sales charge bracket. If, at the time of investment, an investor is unable to come up with the funds needed to qualify for the lower fee, he or she can sign a letter of intent promising to reach the total amount, or breakpoint, in a set time period.