An extension of benefits is a situation in which a policyholder can continue receiving benefits from their healthcare policy after it expires if they are hospitalized or sick and are temporarily unable to work. Typically, this extension will end once the insured is healthy again and returns to work.
Whether or not a policyholder can get an extension of benefits will depend on the details of their health insurance policy. Employers will often provide their employees with policies that do feature extension of benefits to ensure that they don't suffer periods of non-coverage if they are injured or fall ill at an inopportune time.
Share this Term
Stay informed with Insuranceopedia!
The world of insurance can be complicated. Subscribe to the Insuranceopedia newsletter and stay in the know! Access expert content, industry term definitions and answers to your questions from knowledgeable insurance insiders. Arm yourself with what you need to know to keep your assets and your family safe.
Latest Articles
