Health Insurance Waiting Periods

Waiting periods can restrict access to certain benefits for a specified time after a policy begins.

Overview

The length and application of waiting periods varies by product. Read the policy schedule and terms before relying on a benefit.

What should you check?

• Read the policy definitions, limits and exclusions.
• Check the excess and any waiting or notification requirements.
• Understand what evidence may be required for a claim.
• Compare equivalent levels of cover rather than comparing price alone.

Why policy wording matters

Insurance is a contract and the precise terms determine when a claim can be accepted. Marketing summaries can be useful for orientation, but the policy documents should be treated as the authoritative source for the coverage you are considering.

Common questions