The initial period of time during which benefits under a health insurance policy are not payable.
A designated period of time, beginning at the onset of a disability, which must pass before any policy benefits will be paid. Also know as waiting period.
In a disability income policy, this refers to the number of days before the insured becomes eligible for benefits.
Begins the first day an employee is unable to work and extends for ninety (90) days. On the 91st day, disability benefits begin.
A period of time that the insured must wait before disability benefits are paid.
the time between becoming eligible for benefits and when your long-term care insurance actually begins paying those benefits. It helps keep premiums affordable: the longer the waiting period, the lower the premiums. John Hancock plans require only one qualification period per insured. If an insured recovers form an ailment and later goes back into claim, that insured does not need to wait through another elimination period. John Hancock offers employers a choice among elimination periods of 30, 60, or 90 days.
The period of time, after the insured meets the eligibility requirements of his/her policy, during which no benefits are paid.
The number of days you must wait after receiving long-term care before receiving insurance benefits.
An individual must be disabled for a certain amount of time before they can start receiving disability benefits , this length of time is called "elimination period"
The period of time from when the person becomes disabled and the beginning of disability insurance income. The longer the period, the smaller the premium. This is also sometimes referred to as the waiting period.
In a disability income policy, this is the period of time between the date the disability commences and the beginning of the benefit payment period. It is sometimes referred to as the waiting period. In a residual disability income policy, often referred to as a qualification period. Under a long-term care policy, the elimination period is the number of days after long-term care begins that an insured must wait before benefit payments begin. This period is also known as the waiting period.
The amount of time you must be off work due to a covered condition before benefits begin.
A specified amount of time, beginning with the onset of a disability, during which benefits are not payable.
The amount of time that lapses after your disability and before the insurance company begins to pay you.
This works kind of like a deductible. It is the time or waiting period from when you are disabled until you actually start getting checks from the insurance company. Similarly to a deductible, the longer you area willing to wait until you start getting paid, the lower your insurance payments will be. Typically elimination periods are 30, 60, 90 or 180 days. So, depending upon how much money you have on hand at any time - enough for a month, two months, etc. - will determine how much of a waiting period you want for your policy. Also, keep in mind that it will take a while to actually get the check in your hand. So if you really only have two months of money on hand to pay bills with, you should probably go ahead and get the 30 waiting period, because you won't get the check right after 30 days - it may be closer to the 60 days when you will be running out of money.
The period of time that is not covered in an insurance policy. p 140
The policy deductible, usually the number of days from the onset of disability, for which no benefits are payable. Choices are usually 30 days, 60 days, 90 days, or 180 days.
In long term care policies, the number of days of care that an enrollee receives and must pay out-of-pocket before the insurance company begins to pay.
This is the period of time a member must wait before benefits begin. For instance, on some plans, members must wait a period of time before pre-existing conditions are covered.
during this period, the policy will not pay the cost of service. It is a waiting period where benefits do not begin until the specified waiting period has ended.
the time between becoming eligible for benefits and when your long-term care insurance actually begins paying those benefits. Sometimes known as a waiting period or a deductible, it helps keep premiums affordable. The longer the elimination period, the lower the premiums. The elimination period can be measured in calendar days or days of service. A days of service elimination period is the number of days you must be eligible for benefits and receiving covered services before your benefits begin.
Most often used to designate the waiting period in a health insurance policy.
The elimination period is that period of time beginning with the onset of disability and ending when benefits for that disability begin to accrue.
The number of days for which no benefits are payable at the start of a claim. An insured must be disabled all of those days. It is sometimes referred to as the Qualifying Period.
The number of days, starting from the date of an insurable event, before benefits are paid on certain types of insurance policies (e.g., long-term care, disability).
A loosely-used term sometimes designating the "waiting period" and sometimes the "probationary period."
A deductible. A specified time period of covered care where no benefits are payable. Ideally, should be selected as the longest period that you could sustain care costs using your available, expendable assets.
The time interval (waiting period) between events specified in the policy. Examples include the time between the occurrence of a disability and when the first benefit is paid; and the time between the issue date of a health insurance policy and the date when certain coverages become effective.
A period of time between the period of disability and the start of disability income insurance benefits, during which no benefits are payable. The elimination period may be as short as a few days or as long as one year or more. (See Waiting Period.)
The period of time when no benefits are received during a stay in a long-term care facility. Pre admission certification - An authorization letter given by the insurance company to the insured which authorises him/her a permission to use that hospital covering all reimbursement benefits.
Please see your policy for a specific definition.
The number of days you must wait when you become eligible for benefits before the policy pays the daily benefit.
the period of time an eligible participant must complete before being eligible to be covered under a plan. For a disability benefit, this is the period of time the person must be disabled as defined by the plan before disability benefits begin.
A type of deductible; the length of time the insured must pay for long term care services before the insurance policy begins to make payments.
The number of days you must wait after you are eligible for benefits before the policy begins paying for your care.
A specific period of time which must pass before any policy benefits will be available. This is often included in disability and unemployment coverage. (See Waiting Period.)
The number of days of disability that must go by during a period of disability before benefits become available. J K M N O X Y Z
In a disability income insurance policy, the period the disabled person must wait before benefit payments begin; also called the waiting period.
a deductible where you pay for covered services for a specified number of days before the policy begins paying.
In health insurance, an amount of time after the occurrence of a disability during which no indemnities are payable, as provided in the policy. An elimination period can apply to accident, sickness, or to both. Commonly referred to as the waiting period. Also used in boiler and machinery business interruption insurance.
Under a Long Term Care Insurance contract, this is the period of time during which no benefits are payable. It may be thought of as a deductible. Elimination periods are defined in days, normally 0,30,60,90,180 and 365 days.
(1) Under a disability income policy, the specific amount of time an insured must be disabled before becoming eligible to receive policy benefits. In a residual disability income policy, often referred to as a qualification period. (2) Under a long-term care policy, the number of days after long-term care begins that an insured must wait before benefit payments begin. Also known as waiting period.
This is the period 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. It is sometimes referred to as the Qualifying Period.
In insurance policies, a period after the onset of an illness or injury during which no benefits are paid, effectively providing for a deductible. Common in long-term care policies, although some insurers offer policies with no elimination period. Sometimes called a waiting period, which is technically incorrect from the viewpoint of the insurance industry, in which a waiting period is a different phenomenon. See waiting period.
the duration of time between the beginning of an insured's disability and the commencement of the period for which benefits are payable.
the duration of time between when you begin to receive long-term care and your policy begins paying benefits.
The length of time an insured person must pay for covered services before the insurance company will begin to pay benefits. Unless otherwise noted in the insurance policy, no benefits are payable for any days of an elimination period.
a waiting period after a disability in which no claims are paid.
The number of days that you have to pay benefits before your coverage begins to pay for benefits
The number of days of out-of-pocket expense paid by the insured for long-term care services after the insurance benefits are triggered. Sometimes this period is defined as the waiting or deductible period. It can be no greater than 100 days in a Total Asset Protection plan and no greater than 60 days in a Dollar for Dollar Asset Protection plan. Policies are available with shorter elimination periods at higher premium cost.
A type of deductible, this is the amount of time the insured pays out of pocket for long term care before the insurance policy makes payments.
A type of deductible; the length of time the individual must pay for covered services before the insurance company will begin to make payments. The longer the elimination period in a policy, the lower the premium.
A type of deductible. It is the length of time an individual must pay for covered services before the insurance company will begin to make payments. [148
The number of days that you have to pay for services before your coverage begins to pay benefits. See waiting period.
A loosely used term, sometimes designating the probationary period, but most often designating the waiting period in a Health Insurance policy. See also Probationary Period and Waiting Period.
A kind of deductible or waiting period usually found in disability policies. It is counted in days from the beginning of the illness or injury.
Period of time (beginning with the first day of illness or injury) during which no benefits are payable under a disability insurance policy. Benefits are paid only for costs incurred after the end of the elimination period.
The length of time that an insured must be disabled under a disability income policy before he/she starts drawing benefits.