What is a waiting period in health insurance?

A waiting period in health insurance refers to the specific duration of time that an insured individual must wait before they are eligible to access certain benefits outlined in their policy. This period is typically established by the insurer to prevent adverse selection and to encourage individuals to enroll in health plans before needing immediate medical care.

During the waiting period, any pre-existing conditions may not be covered, and the policyholder may not be able to utilize specific benefits, such as mental health coverage or maternity services, until the waiting period has elapsed. This ensures that the insurance company manages its risk effectively by requiring a buffer time before full benefits can be used.

This understanding is crucial for individuals considering health insurance plans, as it can significantly impact their access to care and their overall health coverage experience.