Brokerfish

Understanding the Waiting Period for Maternity and Dental Coverage in IPMI

Waiting Period for Maternity and Dental Coverage in IPMI

A waiting period is a set amount of time that must pass before certain benefits under an insurance policy become effective. In the context of international medical insurance (IPMI), a waiting period is often implemented to help mitigate the risk of fraud or abuse of the system.

For example, a waiting period for maternity benefits might require the policyholder to have had the policy in force for, as an example, 12 months before they are eligible to receive benefits for pregnancy and childbirth. Similarly, a waiting period for dental benefits might require the policyholder to have had the policy in force for, as an example, 6 months before they are eligible to receive benefits for dental procedures. These waiting periods are put in place to help ensure that policyholders are not purchasing insurance solely to cover a pre-existing condition.