What are Waiting Periods in Medical Expenses Insurance?

medical expense

It is very common for human beings to face situations that make us reflect on the importance of acquiring insurance protection, despite the fact that they imply an annual cost for the insured. However, the guarantee provided by an insurance policy , knowing that we will be protected against any eventuality, is something that is priceless.

One of the factors that in most cases the insured are unaware of until they face them are the so-called “waiting periods” . Mainly in the case of Medical Expenses Insurance , it is common that there are certain periods of time that it is necessary to let go before being able to use the policy to cover some specific diseases. The waiting periods vary according to the event or the disease in question.


What is waiting period?

medical insurance

The waiting period is the time established in the policy during which the insurer does not cover expenses for medical attention or treatment of some diseases or conditions. These periods of time, vary according to the event or the disease in question.

For example, in the case of maternity, it is necessary that the mother has contracted the insurance at least 10 months before getting pregnant so that the pregnancy process, the delivery or cesarean section and the first times of the baby are covered by the insurer. Some of the complications of pregnancy that can be covered by the policy are extrauterine pregnancy, placenta previa, gestational diabetes, congenital diseases and premature birth.


As for diseases that have longer waiting periods

As for diseases that have longer waiting periods

It is between 12 and 24 months are cancer of the respiratory and digestive system, diseases of the nose, tonsils, hernias, prostate, gynecological, spine or knee diseases, as well as breast cancer, among others. More complex diseases, such as AIDS, have waiting periods of up to 48 months.

While it is true that most diseases are unpredictable, many of them are preventable and acquiring them or not depends on our daily habits and the lifestyle we lead. The best way is always to have the protection of Medical Expenses Insurance to be prepared for any accident or illness.

It is very important to keep in mind that Insurance will always be better to have it and never need it, than to need it and not have it. Protect the most valuable of your life and guarantee your financial stability!

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