Benefit Period

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Benefit Period

The time during which one receives payments from an insurance policy or government program. For example, the benefit period for a person receiving Medicare begins when he/she is admitted to inpatient care and ends 60 days following discharge. The benefit period may be used to help determine the amount and type of benefits one receives.
References in periodicals archive ?
the most recent advancements with respect to leave and benefits involve recognition of both parents' entitlement to leave and benefits, plus the lengthening of leave and benefit periods for adoptive parents.
However, under the current legislation, claimants can have their EI qualifying and/or benefit periods extended beyond the usual 52 weeks for each week they are confined in a jail, penitentiary or similar institution.
We are seeing the rescinding of unlimited benefit periods, more stringent underwriting requirements and the reduction in discounts.
Inflation of Daily Benefit Compound lifetime: 3% & 5% Benefit Periods 8.
What benefit periods did buyers of long-term care in 2008 choose?
Traditionally, inflation protection and longer benefit periods such as "lifetime" coverage were two of the biggest contributors toward higher costs.
Your facility staff decide, based on their knowledge of Medicare benefit periods, that the resident would not be eligible for a new benefit period.
Worksite disability products typically offer simple definitions, total-only disability benefits, one- or two-year benefit periods and simplified underwriting such as a health questionnaire rather than a complete medical application, depending on group characteristics.
The patient may, however, switch back to fee-for-service care at any time and has no limit on hospice benefit periods for doing so.
Four-Year and Unlimited Benefit Periods Long-term care insurance policies are written for varying benefit period lengths.
You can choose a 30 or 60-day excess period, and between 12 and 18-month benefit periods.
Benefit periods, deductibles and co-insurance amounts can vary from policy to policy within the same insurance company.