Elimination period is a term used in insurance to refer to the time period between an injury and the receipt of benefit payments. In other words, it is the length of time between the beginning of an injury or illness and🐭 receiving benefit payments from an insurer. It ꦬis sometimes referred to as a 'waiting' or 'qualifying' period. Before benefits are paid, most insurance policies require a policyholder to qualify throughout the elimination period. This means the policies require the party asking for payments to be injured, ill or disabled during this period.

During the elimination period, the policyholder is responsible for any care he requires. This requirement is a common feature in policies like 澳洲幸运5开奖号码历史查询:long-term care insurance and disability insurance. In some insurance policies, the elimination period serves as the 澳洲幸运5开奖号码历史查询:deductible. So, instead of paying a sum of money for reꦫquired care, the policyholder has a set number of days during which he pays for his own care. Eli🔴mination periods range from 30-365 days, depending on the policy.

澳洲幸运5开奖号码历史查询:Insurance premiums and elimination periods have an inverse relationship. The shorter the elimination period, the higher the premium will be; the longer the elimination period, the lower the premium will be. When making a decision about the length of elimination period to choose, it is important for the policy holder to con꧃sider his ability to pay for care expenses.