Benefit Period


Also found in: Medical.

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 benefit period, which varies depending on property location and usage, provides substantial tax benefits for periods of up to 25 years.
Purchasers of the three-year policy can pay to extend the benefit period.
Part A deductibles are $1,250 per benefit period or "spell of illness," Holtzman said.
com)-- Just over half of individuals who purchased long term care insurance selected a three year benefit period for their plan reports the American Association for Long Term Care Insurance.
She withdrew cash from the accounts throughout the benefit period to supplement her lifestyle.
Extension of Benefits--If your total disability continues beyond the maximum benefit period and the amount of benefit you received for this period of total disability was less than the maximum overhead expense benefit, we may continue to pay benefits for up to an additional 12 months.
The qualifying period is the shorter of the 52-week period immediately before the start date of your El period, or the period since the start of a previous EI benefit period, if that benefit period started during the last 52 weeks.
With an aggregate policy, the plan would only have 36 months left on the benefit period, whereas a non-aggregate policy would have a fresh benefit period of 60 months.
Among other findings, the study found that a three-year benefit period could knock as much as 54 percent off the cost of a lifetime benefit period; about 13.
The most common benefit period selected remains five years, and some 6.
The definitions of elimination period (EP) and benefit period (BP) are examples.