Eligibility Period

Published: | Updated: May 1, 2018

Definition - What does Eligibility Period mean?

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.

Insuranceopedia explains Eligibility Period

In a health insurance context, a group program covers the medical expenses of multiple people, rather than just one individual. All eligible people can be insured in a group policy without the requirement to evaluate each member’s risk potential. Employers usually require new employees to complete a probationary period before they may enroll them into a health plan. This period varies between 30 to 90 days depending on the employer and employees can fully enjoy group health coverage thereafter.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this: