Insurance Waiting Period Calculator

Mostly all insurance providers have decided upon their initial waiting period as a period of 30 days and in case of pre existing diseases the minimum waiting period is 2 years.

Insurance waiting period calculator. 1 cameron hill circle chattanooga tn 37402 0001. Types of waiting period in health insurance. It s the period of time specified in a health insurance policy which must pass before some or all of your health care coverage can begin. General treatment waiting periods.

However the definition is just the tip of the iceberg. At the time of taking health insurance if an insured declares that he has specific ailments say diabetes high blood pressure thyroid etc these are called pre existing diseases in such cases insurance company s health underwriters insist for medical tests for assessing the level of impact of the diseases on the. Generally waiting periods vary from two to six months for items such as general dental optical and physiotherapy and up to 12 months or more for major items such as orthodontics or hearing aids. This tool only calculates effective dates based on waiting periods.

Underneath are the types of waiting periods the rules that apply to each and how they each apply. Calendar days only. The waiting periods for general treatment ancillary or extras cover are set by individual health insurers. Eligibility waiting period outlined in the group agreement.

Our effective date calculator is a non binding tool that shows when employee coverage starts under your group plan. Keep in mind that this calculator only applies to standard cover for employee plan members. Enter your company imposed waiting period ciwp enter your employee s hire date. Bluecross blueshield of tennessee is a qualified health plan issuer in the health insurance marketplace.

Health insurance waiting period estimator. An initial waiting period also known as the cooling period in health insurance refers to the amount of time you ll have to wait from the date of issue to actively start using your health insurance policy and benefiting from it. A waiting period protects members of the fund by ensuring that individuals aren t able to make a large claim shortly after joining and then cancelling their membership. As a standard in the industry all health insurance policies today at least have a waiting period of up to one month.

There are some insurance providers who can reduce the waiting period but on payment of additional premium. Date employee starts receiving wages optional check the box if electing to waive ciwp. You can apply for death total permanent disablement tpd and income protection insurance through your super at competitive rates. You will have to serve a waiting period when you start a new private health insurance policy or increase your level of cover.

Please enter information from your master contract like your group s waiting period to determine the coverage effective date.