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 commissioning of further performance phases (level 2 with lph 3 + 4 and level 3 with 5 to 9) is intended according to the provision of finance and funding; There is no legal claim for the assignment of further benefit periods and other special benefits; No planning services have yet been provided for object planning buildings according to hoai.
High-end supplemental policies, particularly those that offer guaranteed issue, typically have benefit periods of five years.
Actuaries at CSG looked at STC policy benefit periods, for example, and found that 92 percent of the STC issuers offer a policy with a 360-day benefit period, and 50 percent offer a policy with a 90-day benefit period.
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.
Inflation of Daily Benefit Compound lifetime: 3% & 5% Benefit Periods 8.
Benefit periods are typically limited to 12, 18, or 24 months.
What benefit periods did buyers of long-term care in 2008 choose?
The new contract includes new benefit options, with increased home health care reimbursement rates, new benefit periods and higher daily benefit amounts.
Except for the coinsurance (which must be paid after the first 20 days in each benefit period), the plan can pay towards the cost of up to 100 days' post-hospital care in each benefit period, regardless of how many benefit periods the person may have.
Typically benefit periods for disability income coverage are offered for a certain length of time, such as one year or five years or until a certain age such as 65 or 70.
Your facility staff decide, based on their knowledge of Medicare benefit periods, that the resident would not be eligible for a new benefit period.
Benefit periods range from one year to lifetime, with premiums going up as the benefit period increases.