| 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. |
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