Insurance Waiting Period Calculator

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.

Insurance waiting period calculator. The waiting periods for general treatment ancillary or extras cover are set by individual health insurers. Enter your company imposed waiting period ciwp enter your employee s hire date. 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. Date employee starts receiving wages optional check the box if electing to waive ciwp.

Calendar days only. General treatment waiting periods. Please enter information from your master contract like your group s waiting period to determine the coverage effective date. Click show eligibility date button.

If you have a corporate insurance arrangement read your relevant insurance guide for information about your fees. There are some insurance providers who can reduce the waiting period but on payment of additional premium. 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. 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. 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. However the definition is just the tip of the iceberg.

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. 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. Bluecross blueshield of tennessee is a qualified health plan issuer in the health insurance marketplace. Keep in mind that this calculator only applies to standard cover for employee plan members.

Eligibility waiting period outlined in the group agreement. You will have to serve a waiting period when you start a new private health insurance policy or increase your level of cover. The idea of a waiting period in the world of health insurance may seem simple enough. 1 cameron hill circle chattanooga tn 37402 0001.

Health insurance waiting period estimator.