DEFINITION of 'Gatekeeper'

Requirements that must be met before an individual can qualify for a long-term care plan. A person must qualify for the plan's benefits before he or she can be paid out.

BREAKING DOWN 'Gatekeeper'

These standards are called gatekeepers because they are what stands between the individual and the policy payouts.

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RELATED FAQS
  1. What is a gatekeeper?

    There are two definitions of the term "gatekeeper," one used in relation to health insurance and the other one is in regarding ... Read Answer >>
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