Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 20th November, 2021 | 0 Views.