GreenFunds
Money word, in simple language

Waiting period

The gap after buying a health policy before certain claims are allowed.

Example. A pre-existing illness may have a waiting period of a few years before it is covered.

A waiting period is the time you must hold a health policy before it will pay for certain things. New policies have a short initial waiting period, and pre-existing conditions and some specific illnesses have longer ones. Buying cover early, while young and healthy, gets these waiting periods out of the way sooner.

Questions people ask

What is a waiting period in health insurance?

It is the time you must hold a policy before it will pay for certain claims. New policies have a short initial waiting period, and pre-existing conditions and some illnesses have longer ones.

How do I get past waiting periods faster?

Buy cover while you are young and healthy, so the clock starts early and the waiting periods are behind you by the time you are likely to need them.

← Back to all terms

One money lesson, in your inbox

A short, plain money lesson built from real news. Free. Unsubscribe anytime.

We will never spam you or sell your details. How we handle your email