The length of time a member may have to wait before certain medical conditions are eligible for benefits under a certificate or agreement.
(1) In medical expense insurance, a prescribed amount of time following policy issue during which the insured's medical expenses are not covered by the policy. Such waiting periods usually last from 14 to 30 days following policy issue and normally apply only to medical expenses arising from sickness, not from accidents. (2) In disability income insurance, a specified amount of time, beginning with the onset of the disability, during which benefits are not payable. Such waiting periods may last from seven days to six months. The waiting period in a disability income insurance policy is sometimes called the elimination period or the probationary period. (3) In a group insurance plan, the length of time that a new group member must wait before being eligible to join the group plan. Also called a probationary period.----------[ Back
same as cooling-off period
A period of time which must lapse after, say, the inception of a disability, before benefits become payable. Commonly found in permanent Health insurance policies.
(USA) The period of time between the filing of a r... Add a comment
The period of time between the beginning of a disability and the start of Disability Insurance benefits. Also known as the elimination period.
The time between the effective date of a contract and the date the Plan will assume liability for certain services--frequently in regard to pre-existing conditions.
A probationary period established by an employer, within required limits, that must be satisfied prior to your becoming eligible for enrollment in the company's group health plan.
The length of time an employee must wait for coverage from his/her date of employment or application.
The time that must pass before a benefit becomes payable.
The period of time an employee must satisfy before being eligible for insurance.
The period of time, after the insured meets the eligibility requirements of his/her policy, during which no benefits are paid.
a minimum period of time for which the policyholder must be insured before benefit for treatment will be paid
a period during which an employee is not eligible for the group insurance offered
a period during which no benefits are payable for specific services
(1) The duration of time between the date the disability commences and the beginning of the benefit payment period. It is the period during which an employee must be disabled before payment of benefits begins. (2) The period between enrollment in a program and the date when an insured person becomes eligible for benefits.
A set period of time that an employer may make a new employee wait before enrolling in the company's health care plan. The health insurance policy cannot impose a waiting period, but the employer may.
The time period on a disability insurance policy that a disabled insured must wait before disability coverage starts. The longer the period, the smaller the premium. This is also sometimes referred to as the elimination period.
The period of time required by a Member's Group or the Health Benefit Plan, before the Member's coverage under the Health Benefit Plan begins.
Before any benefits can be paid, an unpaid waiting period equivalent to one full week of unemployment must be served. The claimant is subject to the same eligibility requirements for this period as when they are receiving a benefit check. If the claimant works at all during the first week of the claim, or for other reasons does not serve a full waiting week, the unpaid time extends into the next week(s).
A period of time an individual must wait either to become eligible for insurance coverage or to become eligible for a given benefit after overall coverage has commenced.
The time that must pass after coverage begins and before the policy/contract will pay claims for a pre-existing condition. It may also refer to the time you must wait before obtaining health care coverage from a new employer group health care plan.
Statutes provide that a waiting period must elapse during which income benefits are not payable. In Michigan, the initial waiting period is seven (7) days: indemnity (“wage loss”) benefits are payable beginning with the eighth day of disability. This waiting period affects only compensation; medical and hospital care are provided immediately. If disability continues for a certain number of days or weeks, most laws provide for payment of income benefits retroactive to the date of injury. In Michigan, if a disability continues for fourteen (14) days, benefits are payable from the first day of disability onward.
The time you might be required to work for an employer before you can be eligible for any kind of health benefits.
This applies when the benefit is payable after a specified period. For certain benefits, cover may only commence after a specified period. For example, if a diagnosis of cancer or heart attack is made within 180 days of the commencement of the policy the critical illness benefit is not payable.
The length of time a disability policy holder must wait after submitting a claim before disability income benefits begin.
Period between employment or enrollment in a dental plan and the date when a covered person becomes eligible for benefits. Services subject to a waiting period could be crowns, bridges or orthodontics.
A period of service specified in the scheme rules which an employee must serve before being entitled to join an occupational pension scheme or to receive a particular benefit. In some schemes the waiting period before being entitled to join may automatically count as pensionable service. Not to be confused with qualifying service.
The consecutive number of days for which no benefits are payable at the start of a claim. An insured must be disabled all of those days before benefits are payable. Typical elimination periods are 30, 60, 90, or 180 days.
The time between when you sign up with a Medigap insurance company or Medicare health plan and when the coverage starts.
Before any benefits can be paid, an unpaid waiting period equivalent to one full week of unemployment benefits must be served. You are subject to the same eligibility requirements for this period as you are when you claim a benefit payment. If you work at all during the first week of your claim, or for other reasons do not serve a full waiting week, the unpaid time extends into the next week(s).
(also sometimes called “elimination period” or “probation period”) a provision designed to eliminate disability claims for the first number of days specified for each period of disability; the waiting period may run from 3 days to as long as 1 year: this term is also sometimes used to refer to a period of time after policy issuance during which specified conditions are not covered.
The length of time an employee must wait from the date of employment or application for coverage, to the date that the insurance policy is effective.
A period of time set forth in a policy which must pass before some or all coverage's begin.
The specified time period after the effective date of coverage during which any sickness that is manifested or treated is considered a pre-existing condition.
see elimination period. Also refers to the days between the filing of a registration for a security with the SEC, and when the security can be legally offered to the public.
Period covering the first seven days of disability resulting from a work-connected injury or illness. Workers' compensation indemnity benefits are not allowable for the first seven days of disability, except in cases where the disability period exceeds 14 days, indemnity awards are allowed from the date of disability (WC law § 12, § 204 and § 211). There is no waiting period for VAWBL and VFBL cases (WC law § 43, VFBL, and VAWBL).
Time between the beginning of an insured's disability and the beginning of benefit payments.
(See Elimination Period.)
A certain period of time that must elapse before payment of a loss begins.
1)In health insurance, the duration of time between the start of a disability and the start of benefits, as provided in the policy. Also known as elimination period. 2)In some business interruption insurance policies, a deductible clause.
For a health insurance policy, the period of time that must pass from the date of policy issue before benefits are payable to an insured. Also known as elimination period and probationary period.
Particularly used in connection with a specified period before joining a pension scheme or becoming eligible for some other employee benefit. Not to be confused with Qualifying Service.
The amount of time a person must wait from the date of entry into an eligible class (or from application for coverage) to the date the insurance becomes effective. while similar to elimination periods, waiting periods are often paid retroactively.
In order to become eligible for coverage under the policy, an individual must satisfy a certain number of continuous days of service as an active, full-time employee. This is known as the waiting period. (In addition, a waiting period can also be the time period between when a disability occurs and when payments from the disability insurance policy begin.)
A period of time set forth in a policy that must pass before some or all coverages begin. See: Elimination Period.
In general, the duration of time before a person is eligible for participation, coverage or benefits under a group insurance or retirement plan or for benefits under a health policy or disability provision. For example, the time between the beginning of an insured's disability and the commencement of the period for which benefits are payable; also called elimination period in individual health policies.
The time between when you sign up for something, such as insurance, and the when the coverage begins.
The first three calendar days of a work-related incapacity from work, during which an employee with a compensable work-related injury or occupational disease is ineligible to receive workers' compensation benefits, other than appropriate and necessary medical care. For employees incapacitated from work for seven or more calendar days due to the injury or disease, the waiting period is waived and they are eligible to receive workers' compensation wage replacement benefits for the entire period of incapacity from work.
That period, measured from the first day of Your Disability, throughout which you must be Disabled before Disability Benefits become payable.
Period of time lost while waiting for Home Health Care
The time for which coverage is excluded following the effective date of coverage for conditions that manifested or medical advice or treatment received during a period prior to the effective date of coverage (preexisting condition exclusion).
This is the length of time an employee has to work for an employer before they can join the employer 's pension scheme. It is also called a qualifying period .
The number of days you must be in a nursing facility or the number of days of home health care you must receive before long-term care benefits will be paid under the policy. During the waiting period, you must privately pay for the nursing facility stay or home health care services.
An accident or sickness policy condition providing that a weekly indemnity benefit will not become payable until after an agreed period of time commencing with the date of accident or sickness, e.g. 7 days, 14 days, etc.
A period of time when you are not covered by insurance for a particular medical problem.
A week of unemployment for which a claimant does not receive compensation but must meet the same eligibility requirements that are necessary to qualify for receipt of compensation for subsequent weeks of unemployment during the benefit year. (In some States, the waiting period, after specified periods of unemployment, may become compensable.)
the waiting period is chosen when you take out an income protection policy. It starts on the day you see the doctor who certifies that you are disabled.
The time between an employee's date of hire and eligibility to receive benefits under a plan or insurance contract.
In some health insurance policies, a period during which no benefits are paid immediately after the policy goes into effect. Sometimes used incorrectly as a synonym for an insurance policy's elimination period. See Elimination Period.
The time which must elapse before an indemnity is paid.
The length of time an employee must wait from a date of employment or application for coverage, to the date his/her insurance is effective.
The Securities and Exchange Commission (SEC) requires a twenty day time period between a corporation's filing of its security offering registration and when its security may be legally sold to investors. If additional time is required to make corrections or append information to the registration statement and prospectus, the waiting period--also called "cooling off period"--may be prolonged. See: Prospectus
The time a person has to wait before being approved for coverage by an insurance plan.
A period immediately after the inception of the policy during which no benefits will be paid even if a loss occurs. Pertains to health insurance.
The waiting period (Hebrew: תקופת ×”×”×ž×ª× ×” Tkufat HaHamtana) was the period which began in the Israeli Independence day of the Hebrew year of 5727, which was in May 15 1967, with the crossing of the Suez canal and entering to the spaces of the Sinai peninsula by Egyptian ground forces, after the Soviet Union requested that Egypt do so. That was after the Soviet Union gave to Egypt false information according to which Israel is assembling forces in the north in order to invade Syria. Israel invite delegates from the Soviet embassy to tour in the northern border and to see the truth, but they refused.