DEFINITION of 'Benefit Period'

The benefit period is the length of time during which a benefit is paid. This can involve a government benefit program such as Medicare, or payment from an insurance policy, such as health or disability insurance. The benefit period is defined in each program or policy's guidelines.

BREAKING DOWN 'Benefit Period'

The benefit period can vary from policy to policy. For example, the benefit period in the context of Medicare begins the day an insured is admitted to a hospital or skilled nursing facility (SNF), and ends when the insured has not received any care for 60 days in a row.




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RELATED FAQS
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    An insurance benefit is the amount of money paid to or on behalf of the policyholder. Depending on what kind of insurance ... Read Answer >>
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    Elimination period is a term used in insurance to refer to the time period between an injury and the receipt of benefit payments. ... Read Answer >>
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