Unveiling the Health Insurance Benefit Year: A Comprehensive Overview for Informed Consumers
The health insurance benefit year, often referred to as the coverage period, is a crucial concept in health insurance. It defines the specific time frame during which an individual’s health insurance policy is active and provides coverage for eligible medical expenses. For example, if a health insurance benefit year runs from January 1st to December 31st, the policyholder can utilize their benefits and coverage throughout this period.