Waiting period deductible

{
  "id": "MLC-T-INS-003501",
  "term": "Waiting period deductible",
  "field": "Insurance and risk management",
  "definition": "A provision in some disability or workers' compensation policies that specifies a period of time an injured or ill worker must wait before benefits begin. During this waiting period, the worker receives no compensation for lost wages, effectively acting as a deductible in terms of time rather than money. This period can range from a few days to several weeks, depending on the policy and jurisdiction.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/waiting-period-deductible/"
}