MEDICAL,USA,REFERENCE: See: waiting period (WP) .
***
The duration of time between the beginning of an insured person’s disability and the start of a policy’s benefits. Also called waiting period.
***
The period that must elapse before disability income is payable under a health insurance policy covering disability income loss.
***
This is the period between the onset of the disability and the time the insured begins to draw benefits. As with higher deductibles in property insurance, the longer waiting period, the lower the premium. Frequently offered waiting periods are 30, 60, 90, 180, 365, and 720 days. The decision about a waiting period depends on the amount of savings a person has.