1. Individual who qualifies and is permitted to apply and maintain membership in a health insurance plan. 2. Individual who was covered under a group health plan and who may qualify to purchase an individual insurance policy regardless of previous health problems.
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Similar to eligible employee except it could be a contract covering people who are not employees of a specified employer. An example might e members of an association, club, committee or union.
Tag: RAW
Eligible person (Health Insurance)
A person deemed eligible for coverage under the contract. Unlike an eligible employee, this person does not necessarily work for a certain employer. They may be union members or part of an association.
Elimination period
MEDICAL,USA,REFERENCE: See: waiting period (WP) .
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The duration of time between the beginning of an insured person’s disability and the start of a policy’s benefits. Also called waiting period.
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The period that must elapse before disability income is payable under a health insurance policy covering disability income loss.
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This is the period between the onset of the disability and the time the insured begins to draw benefits. As with higher deductibles in property insurance, the longer waiting period, the lower the premium. Frequently offered waiting periods are 30, 60, 90, 180, 365, and 720 days. The decision about a waiting period depends on the amount of savings a person has.
Elimination period (Health Insurance)
The waiting or probation period in a health insurance policy.