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waiting period
(redirected from Elimination period)

   Also found in: Medical, Financial, Wikipedia 0.03 sec.
See: moratorium


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The policy uses deductibles instead of elimination periods and incorporates the concept of co-insurance because those are terms and features with which agents and consumers are familiar.
After that, they generally assume that their spouses' incomes, or loans from 401(k) savings or home equity, would provide a fallback until they satisfied the elimination period before the employers' long-term disability coverage kicked in.
The elimination period is 90 regular season days, the first 45 of which must be consecutive.
 
 
 
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