Plan Year (or Benefit Year)

What is Plan Year (or Benefit Year)?

Plan Year (or Benefit Year) is The insurance Plan Year is the 12-month periodwhen your insurance company provides your health care benefits and also theyear-long interval when your Annual Deductible and Out-of-Pocket Maximum accumulate according to the provisions of your plan. Some insurance plansrenew each year in January, so their Plan Year coincides with the calendaryear, while other plans (like student health insurance, for example) begin theirPlan Year each fall and continue until the end of summer (for example, September 1 through August 31).

 

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