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Insurance Glossary

Insurance Gobbledygook Made Simple

Plain English explanations of insurance terms used by agents, companies and lawyers and found in your insurance policies.

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Waiting period

has two meanings: (1) the time period you must wait before you can get health insurance from a new employer; and (2) the time that must pass after becoming insured before the policy will begin to pay benefits for a pre-existing condition or specified illness.

Waiver

an amendment to a policy that excludes coverage for certain medical conditions.






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