Waiting Period (job-based coverage) October 01, 2020 03:01 Updated The time that must pass before coverage can become effective for an employee or dependent who is otherwise eligible for coverage under an employer-sponsored health plan. Related articles What should I do if I experience a change in income or another change in circumstance during the year? What is the Minimum value standard for job-based coverage? What to include as income Your eligibility notice Tax filing requirement Can't find your answer? Find local assistance or contact us.