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What is a waiting period within health insurance

What is a waiting period within health insurance

Question: 
pls i need more explanation on waiting period

Answer: 
A waiting period is a set amount of time agreed upon by both the health insurance provider and the policyholder in which no claims can be made and no coverage will be available. Once the timeframe has passed, coverage can then begin as normal.

Waiting periods are normally put in place within the health insurance sector in order to prevent policyholders from claiming treatment for pre-existing health conditions and making claims as soon as a coverage plan has begun.

What counts as a pre-existing health condition you might be wondering? Any condition or illness that you may have experienced symptoms of or received treatment for, before a plan commences will normally be considered as a pre-existing health condition.

There are a number of factors that will determine whether or not a waiting period will apply to your particular request but these will normally revolve around the type of plan you have chosen, the insurer company selected and the level of coverage you require.

However the two most common forms of insurance where you are guaranteed to encounter a waiting period lie in Maternity and Dental insurance.

Where maternity insurance is concerned, waiting periods will usually last around 10-12 months and if you are looking to start a family, it is very important to be aware of what the waiting period may be within your plan as pre and post natal care can be expensive so you’ll want to make sure you are covered throughout this special time. To find out more about maternity waiting periods, click the link.

Waiting periods within dental insurance coverage are put in place as the majority of people will visit a dentist for routine check ups on a regular basis and often, these check ups are considered as a pre-existing condition. Most dental insurance will cover these types of pre-existing conditions so waiting periods concerning dental coverage will usually last from 6-12 months to ensure coverage can take place.

If you are still unclear about what a waiting period is, please do not hesitate to get in touch with one of our expert brokers here at Pacific Prime. We are always happy to help so you can either speak directly to us by contacting us here, or fill in the short request form at the top of the page and we will get back to you as soon as possible.






     
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