Waiting Period in Health Insurance: Meaning & Types Explained

Investing in Health Insurance is important to safeguard against rising medical costs. But timing your purchase is even more important as most Health Insurance policies come with a condition called a ‘waiting period’. And you could end up dealing with financial strain if you face a health emergency during the waiting period of your Health Insurance policy .

In a Health Insurance plan, the waiting period is defined as a timeframe during which you cannot submit a claim for certain specified conditions. For instance, if your policy waiting period is 90 days, you must wait for a minimum of 90 days before raising a claim or seeking reimbursement for your medical expenses. The exact waiting period and the specific terms and conditions vary for different companies. Typically, the waiting period lasts between 90 days and four years, depending on the type of policy.

The main purpose of a waiting period in a Health Insurance policy is to prevent policyholders from abusing their coverage to claim reimbursement for expenses. For example, let’s say Mr X purchases a Health Insurance policy right after being diagnosed with a heart condition that requires expensive surgery. With no waiting period, Mr X could instantly file a claim after getting the surgery. The waiting period protects insurance companies from manipulative intentions and unethical claims by policyholders. Also read: Reasons why your Health Insurance claim can be rejected

As discussed above, the waiting period varies with the type of health policy and coverage. Below are the average waiting periods you may see in different kinds of policies:

Initial waiting period:

Some policies are subject to a waiting period of 30 to 90 days from the commencement date, depending on the insurer and type of policy. You cannot file a claim for illness or hospitalisation during the waiting period. However, the waiting period usually does not apply to accident cases.

Pre-existing diseases:

Pre-existing diseases in Health Insurance refer to any health conditions you already have when purchasing the policy. These could be diabetes, cholesterol, thyroid, hypertension, etc. If you have pre-existing disease while purchasing a policy, the waiting period can range from one to four years, depending on the insurer.

Specific diseases:

The waiting period varies from one to two years for conditions such as ENT disorders, hernia, osteoporosis, stroke, cancer etc. The list of specific diseases may differ based on your chosen insurer and policy.

Maternity coverage:

The waiting period for maternity coverage of some policies ranges between nine months and three years after the start of the policy. For a newborn, the waiting period can be up to 90 days. Planning in advance for this coverage is advisable to make the most of it. Also read: All about Maternity Insurance

Hospitalisation due to an accident:

In general, policies provide immediate coverage in the case of hospitalisation due to an accident. So, no waiting period is applicable.
Similarly, you can also file a claim in the case of an accident resulting in hospitalisation during the waiting period of your Health Insurance policy.

• The waiting period depends on the type of insurance coverage. Group Health Insurance policies, for instance, have zero waiting periods.
• In addition to your age, your medical history forms the basis for the waiting period.
• It is not a pre-existing disease if you are diagnosed with a disease or ailment for the first time during the waiting period.
• Some insurance companies may shorten or remove the waiting period if you opt for a co-pay. In Health Insurance, a co-pay refers to a portion of medical expenses you pay out of pocket. The insurance company covers only the remaining portion.
• Some insurers also allow you to choose a shorter waiting period if you pay a higher premium.
• You can also reduce the waiting period under a Health Insurance policy by opting for a waiting period waiver. However, you can obtain such waivers by paying an extra premium. For example, several Health Insurance plans come with pre-existing disease waivers that reduce the waiting period for such diseases from four to two years.

• While having Health Insurance is important, it is even more important to time its purchase well, considering the waiting period.
• The waiting period in a Health Insurance plan is when you must wait before your policy coverage kicks in.
• Waiting periods guarantee fair reimbursement while protecting the insurer against any coverage abuse by the policyholder.
• Some insurers may let you opt for a shorter waiting period or waiting period waiver by paying a higher premium. You can also reduce the waiting period if you opt for a co-pay (pay some expenses out of your pocket).
• Certain types of policies, such as Group Health Insurance plans, do not have any waiting period.
• Your age and medical history influence the waiting period.