|Author||Subject: Re: re: who pays when?|
|BobK|| Posted At 14:15:23 06/03/2000
The 3 days is called a "waiting period." Some states have 4 day or even
7 day waiting periods. During tihs period no one pays for wage loss,
UNLESS the disability continues for more than a certain period
(usually 14 or 21 days, depending on the state.)
In other words, after 3 days the employer (insurance company)
begins compensating for lost wages. If the disability continues
past 14 days (or whichever) then the first 3 days is paid
retroactively. This provision is like the "deductable" part of
an automobile insurance policy.
This message board has been closed in regard to posting new messages and follow-ups although pages can be viewed. Page loading time had become excessive. Please use the "Message Forum" link from our Main Page here to contribute to our new and improved forum.