waiting period definition

It is very common for dental or maternity coverage. Insurers use them to eliminate small claims and encourage responsibility. A waiting period is the period of time between when an action is requested or mandated and when it occurs. A “waiting period” is defined as the period of time that must pass before coverage becomes effective for an employee or dependent who is otherwise eligible to enroll in the plan. Waiting period Definition: a specified delay , required by law, between officially stating an intention and acting... | Bedeutung, Aussprache, Übersetzungen und Beispiele Einloggen Wörterbuch In the United States, the term is commonly used in reference to gun control, as some U.S. states require a person to wait for a set number of days after buying or reserving a firearm from a dealer before actually taking possession of it. enforced waiting period Definition im Wörterbuch Englisch. A waiting period in the realm of health insurance simply refers to the amount of time you have to wait between enrolling in your health insurance policy, and your benefits to kick in. French Equivalent: Délai d'attente: Definition: The length of time an individual must be employed by a particular employer before joining the employer’s pension scheme. Waiting period synonyms, Waiting period pronunciation, Waiting period translation, English dictionary definition of Waiting period. Also called twenty-day period, waiting period… A dental insurance waiting period is the length of time after purchasing your dental benefits plan that you must wait before you can use your full coverage. Giga-fren. It is also called the cooling-off period. Also, in some regions, such as coastal zones, when a named storm is in the area, new policies will not go into effect until after the storm passes. Waiting period. You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary. Übereinstimmung alle exakt jede Wörter . An employer waiting period requires an employee to wait a specified period, such as three months, before they may receive company-subsidized health services. See more. Maternity care waits may be as long as 10 to 12 months but commonly are 30 to 90 days. Also known as an "elimination period." The time between when a person signs up with a Medigap insurance company or Medicare health plan and when the coverage starts. Waiting period definition, a specified delay, required by law, between officially stating an intention and acting on it, as between securing a marriage license and getting married. 1. The Health Insurance Portability and Accountability Act (HIPAA) regulates affiliation wait periods and does not allow them to exceed three months. 3.8. This period gives the provider a chance to decide if the driver fits within their risk profiles. waive the waiting period in English translation and definition "waive the waiting period", Dictionary English-English online. Waiting periods may also be known as elimination periods and qualifying periods. translation and definition "waiting-period", Dictionary English-English online. During the dental plan waiting period, the dental insurance company will not pay for certain procedures. As the name suggests, waiting period is quite literally the amount of time you need to wait. It is a period of time while you need to wait before being covered by your insurance company. The employee is covered from day one under the policy, without any waiting period. 'All Intensive Purposes' or 'All Intents and Purposes'? Can you spell these 10 commonly misspelled words? It might be the case for example if you have a specific condition. The period begins on the date you enter an eligible class and ends on the date you complete six months of … 1. noun waiting period a specified delay, required by law, between officially stating an intention and acting on it, as between securing a marriage license and getting married. Waiting periods are often used by companies that experience high turnover rates. Homeowner insurance wait periods will usually span 30 to 90 days before coverage is in effect. Initial waiting period of 30 days to 90 days - Most health insurance companies have an initial waiting period of 30 days to 90 days so that any disease contracted within that period of time will not be paid for, except accident cases. waiting-period. A pre-existing condition exclusion period varies from one to 18 months. We find that all three conditions for waiving the waiting period have been met. An automatic delay in certain jurisdictions, apart from ordinary court delays, between the time when Divorce papers are filed and the divorce hearing takes place. Giga-fren. Example sentences with "waive the waiting period", translation memory. Context: Identical term, "Qualifying period". Some states may impose wait periods on other insurance products. Eligibility Waiting Period means the period of continuous membership in an eligible class that you must wait before you become eligible for coverage under the Plan. 3.8. What made you want to look up waiting period? Various insurance policies can have waiting periods, including homeowners insurance, auto insurance, and short-term disability. This allows potential buyers and the seller to have a final chance to investigate the new issue and attempt to determine if there will be any previously unforeseen problems. three months) before insurance coverage kicks in. … The cooling-off period is usually 20 days, although the SEC may alter it for individual issues. EurLex-2 Flexibility to establish waiting period longer than 5 days. The time elapsed between requesting something and receiving something. waiting-period Definition im Wörterbuch Englisch. Many health insurance plans come with long mandatory waiting periods for certain types of coverage: Policyholders need to consider their ability to pay for expenses when choosing the length of the waiting period for a policy. Waiting Period means, with respect to group health insurance coverage and an eligible employee or a dependent who is potentially eligible for coverage under the plan, the period that must pass with respect to the individual before the individual is eligible to be covered for benefits under the terms of the plan. The insured may not receive benefits for claims filed during the waiting period. DISEASE- SPECIFIC WAITING PERIOD Apart from waiting periods for pre- existing illnesses, there could also be waiting periods for specific diseases. A waiting period is the amount of time an insured must wait before some or all of their coverage comes into effect. Most insurance companies will provide coverage for diseases caused by diabetes and hypertension only after a waiting period of 3-5 years. Health Maintenance Organizations (HMO) have affiliation waiting periods. TRID Waiting Periods: Definitions: Definitions of Business Day: There are two definitions of business day to keep in mind: General Definition of Business Day §1026.2(a)(6)-1: is any day on which the creditor's offices are open to conduct substantially all of its business functions. An enforced waiting period ensures that there is an opportunity for informal discussion to take place, prior to a final appointment decision being made. Stamm. Beispiele. Start your free trial today and get unlimited access to America's largest dictionary, with: “Waiting period.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/waiting%20period. Often a provision like this will be in place for a company that expects a high turn-over rate in employees. Guaranteed issue life insurance is a small whole life insurance policy with no medical questions or exam. EurLex-2 — waiting period (in days), between last application and sowing or planting succeeding crops. 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