Full eligibility date definition
/What is the Full Eligibility Date for Retirement Benefits?
The full eligibility date is the date on which an employee has worked for the full service period required to be entitled to all benefits stated in the employer's benefit plan. Any additional benefits to be gained by working for a longer period of time past this point are considered trivial. The full eligibility date is not affected by the date on which the employee begins to receive benefits.
What is the Full Eligibility Date for Insurance?
In the insurance field, the full eligibility date refers to the date when the coverage provided by an insurance policy can result in payouts to the contract holder. This can be a fair amount of time after the contract holder enters into the arrangement. For example, a disability insurance policy may not issue payments until you can prove that you have been fully disabled for a period of at least 90 consecutive days.