An Elimination Period is a period between the commencement of coverage and:
A. A standard period of time, usually 4 months
B. The insured's next birthday
C. The date benefits become payable
D. The beginning of the next open enrollment
Answer (2)
The elimination period is a waiting time between the start of coverage and when benefits are paid out, which is directly related to the question. The correct answer is that this period ends on the date benefits become payable. Understanding this concept is essential for grasping how certain insurance policies function. ;
The elimination period is the duration between the start of insurance coverage and when benefits are payable. The correct answer to the question is C, as the elimination period ends with the date benefits become payable. Understanding this period is essential for navigating insurance policies effectively.
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