Benefit Period
The length of time your health insurance plan covers you. This is often a year.
Detailed Explanation
Your benefit period dictates when your deductible, co-pays, and other plan features reset. It's important to know your plan's benefit period to understand your coverage throughout the year.
Practical Example
Sarah's health insurance plan has a benefit period from January 1st to December 31st. This means her deductible will reset every January 1st, and her out-of-pocket maximum will also start fresh at the beginning of each year.
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