Creditable Coverage

Business, Legal & Accounting Glossary

Definition: Creditable Coverage


Creditable Coverage


Full Definition of Creditable Coverage


The amount of prior coverage a client had before he / she enrolled in a new insurance plan. If there was not a lapse of more than 63 days of coverage between the change in policies, the prior coverage is valid. The prior policy can be used to avoid any “pre-existing condition” exclusion clause imposed by the new plan.


Cite Term


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Page URL
https://payrollheaven.com/define/creditable-coverage/
Modern Language Association (MLA):
Creditable Coverage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/creditable-coverage/.
Chicago Manual of Style (CMS):
Creditable Coverage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/creditable-coverage/ (accessed: March 29, 2024).
American Psychological Association (APA):
Creditable Coverage. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/creditable-coverage/

Definition Sources


Definitions for Creditable Coverage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.