Maryland Life and Health Insurance License Practice Exam

How many days should written notice of a health insurance claim be given to the insurer after a loss occurs?

1. 10 days

2. 15 days

3. 20 days

4. 30 days

The correct answer is: 20 days

The correct time frame for providing written notice of a health insurance claim after a loss occurs is 20 days. This specification is important as it ensures that the insurer is promptly informed of the claim, allowing them to begin the process of assessment and payment. Timely notification helps in preventing delays in processing the claim and ensures that the insured is compliant with the stipulations of the policy contract. In many insurance policies, failing to provide notice within the required timeframe could result in complications or even a denial of the claim, highlighting the importance of adhering to this requirement. The 20-day period is designed to balance the needs of both the insurance provider and the insured, offering sufficient time for the insured to prepare their claim while ensuring timely communication with the insurer.