Insurance Waiting Period Calculator

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.

Insurance waiting period calculator. There are some insurance providers who can reduce the waiting period but on payment of additional premium. Enter your company imposed waiting period ciwp enter your employee s hire date. Keep in mind that this calculator only applies to standard cover for employee plan members. Eligibility waiting period outlined in the group agreement.

If you have a corporate insurance arrangement read your relevant insurance guide for information about your fees. You will have to serve a waiting period when you start a new private health insurance policy or increase your level of cover. This tool only calculates effective dates based on waiting periods. 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.

Bluecross blueshield of tennessee is a qualified health plan issuer in the health insurance marketplace. 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. Underneath are the types of waiting periods the rules that apply to each and how they each apply. Types of waiting period in health insurance.

1 cameron hill circle chattanooga tn 37402 0001. Our effective date calculator is a non binding tool that shows when employee coverage starts under your group plan. However the definition is just the tip of the iceberg. You can apply for death total permanent disablement tpd and income protection insurance through your super at competitive rates.

Click show eligibility date button. 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. The idea of a waiting period in the world of health insurance may seem simple enough. General treatment waiting periods.

Health insurance waiting period estimator. Date employee starts receiving wages optional check the box if electing to waive ciwp. 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. 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.