Definition of waiting-period in English English dictionary
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 check If you work at all during the first week of your claim, or for other reasons do not serve a full waiting week, this unpaid time extends into the next week(s)
The amount of time a person must wait from the date he or she is accepted into a health plan (or from when he or she applies) until the insurance becomes effective and he or she can receive benefits Withhold- A percentage of providers' fees that managed care companies hold back from providers which is only given to them if the amount of care they provide (or that the entire plan provides) is under a budgeted amount for each quarter or the whole year Worker's Compensation Coverage- States require employers to provide coverage to compensate employees for work-related injuries or disabilities
The time you may be required to work for an employer before you are eligible for health benefits Not all employers require waiting periods Waiting periods do not count as gaps in health insurance for purposes of determining whether coverage is continuous If your employer requires a waiting period Women's Health and Cancer Rights Act (WHCRA) - Offers protections for patients who elect breast reconstruction in connection with a mastectomy Workforce - Employees, volunteers, trainees, and other persons under the direct control of a covered entity, whether or not they are paid by the covered entity Sources: Federal Register/Vol 65, No 160/Thursday, August 17, 2000/Rules and Regulations Subchapter C - Administrative Data Standards and Related Requirements, pg 50365-50368 healthinsuranceinfo net Consumer Guides, http: //www healthinsuranceinfo net/id06 html Health Care Financing Administration, http: //www hcfa gov/medicaid/hipaa/content/terms asp
The period from which a person is deemed eligible for health insurance coverage to the date that coverage becomes effective
A period of time when you are not covered by insurance for a particular medical problem
(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
A period of time set forth in a policy which must pass before some or all coverages begin
That period, measured from the first day of Your Disability, throughout which you must be Disabled before Disability Benefits become payable
A length of time after an employee has been determined to have a disability before disability benefits begin If you have Short-Term Disability coverage only, the waiting period is seven days If you enroll in Supplemental Disability, you may choose a waiting period of 7, 30, 90 or 180 days; your Short-Term Disability waiting period is the same as the waiting period you choose for Supplemental Disability
A period of time between the beginning of a disability and the date benefits begin
Length of time a health plan excludes coverage for a new enrollees pre-existing health condition Under the Health Insurance Portability and Accountability Act, the maximum pre-existing condition waiting period is 12 months, or 18 months for late enrollees However, individuals who change health plans and have a gap in coverage of no more than 63 days will not be subject to a new pre-existing condition waiting period if they already met their pre-existing condition exclusionary period in their prior coverage
Period of time between the beginning of an insured's disability and the commencement of the period for which benefits are paid
Time during which the Securities and Exchange Commission (S E C ) studies a firm's registration statement During this time the firm may distribute a preliminary prospectus
(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
Time between the materialisation of the insured event and the moment the insurance company's obligation to pay benefits begins
The time between when you sign up with a Medigap insurance company or Medicare health plan and when the coverage starts
The time that a person must wait from the date of acceptance into an eligible class (or from application) to the date the insurance becomes effective While similar to elimination periods, waiting periods are often paid retroactively
The time between the filing of the registration statement and when the shares can be first offered to the public
Time during which the Securities and Exchange Commission (SEC) studies a firm's registration statement During this time the firm may distribute a preliminary prospectus
Also known as the elimination period The length of time the insured must wait before receiving disability benefits from the insurer after the onset of a disability or sickness It is similar to the deductible portion of a car insurance policy