What does Eligibility Period mean? Read on to discover the definition & meaning of the term Eligibility Period - to help you better understand the language used in insurance policies.
An eligibility period is the time frame following the eligibility date, usually 31 days, during which potential members of a group may enroll in a benefits program, e.g. health insurance, life insurance, or disability insurance, without evidence of insurability. It is also the duration of coverage during which accumulated medical expenses will be reimbursed by a medical policy.
We hope the you have a better understanding of the meaning of Eligibility Period.