What Is a Waiting Period?

What Is a Waiting Period?


What Is a Health Insurance Waiting Period? A health insurance waiting period is the length
of time between your purchase of an insurance plan and the moment a particular benefit applies. As an example, Maternity Insurance commonly
has a waiting period exceeding 12 months in duration. You are unable to receive cover for a benefit
with a waiting period in place, and only claims occurring after the completion of the waiting
period can be covered. Benefits often attached to a waiting period
include DENTAL, MATERNITY, OPTICAL, and PSYCHIATRIC. But different insurers may place a waiting
period on different benefits. The costs of treatment received while the
waiting period is in effect cannot be claimed upon completion of the waiting period. So be sure to check on the existence of waiting
periods before buying a plan. Contact CCW Global today to learn more about
waiting periods or compare your health insurance options.

Author: Kevin Mason

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