QQuestionHealthcare
QuestionHealthcare
A disability elimination period is best described as:
A. Eligibility period
B. Dollar deductible
C. Probation period
D. Time deductible
10 months agoReport content
Answer
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Step 1:Let me solve this problem step by step:
Step 2:: Understand the terminology
A disability elimination period is a specific term used in insurance, particularly in disability insurance policies.
Step 3:: Analyze the meaning of "elimination period"
The elimination period represents the initial time period after a disability occurs during which no benefits are paid by the insurance company.
Step 4:: Compare the given options
A. Eligibility period - This suggests a time to determine if someone qualifies B. Dollar deductible - This refers to a monetary amount, not a time period C. Probation period - This implies a waiting or trial period D. Time deductible - This directly describes a period of time before benefits start
Step 5:: Identify the most accurate description
The term "elimination period" most closely matches the description of a "time deductible" - a specific period of time that must pass before insurance benefits begin.
Final Answer
Time deductible Explanation: In disability insurance, the elimination period is the waiting time between when a disability occurs and when insurance benefits start paying. During this period, the policyholder is responsible for their own expenses, similar to how a deductible works in other types of insurance, but measured in time rather than dollars.
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