Déf trouvée: 08:12 Jan 16, 2013
Creditable Coverage
Creditable coverage is health insurance coverage for which you are able to receive credit toward the waiting period on preexisting conditions on a new policy.
(Credible Coverage is the improper pronunciation of Creditable Coverage.)
When you buy health insurance, there may be a waiting period (as much as 12 months or more) before the plan will cover a preexisting condition.
If you are changing from one plan to another (without a lapse of more than 63 days) the second plan must give you credit toward the waiting period for the time you were covered on the first plan.
If you have a lapse of more than 63 days between the plans, or your previous plan was of not of equal of better quality, the new plan does not have to accept the old one as creditable, and the waiting period does not have to be waived.
Note also that medically underwritten individual coverage can exclude preexisting conditions for adults or turn down your application even if you had creditable coverage. This practice will end in 2014 unless any changes are made to the Patient Protection and Affordable Care Act of 2010 (Healthcare Reform).
|