SevFor a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now! enty-seven percent of employers report that their organization requires a waiting period of at least 7 days before short-term disability insurance coverage begins, according to a recent survey of Disability and Group Insurance practices by BLR.
This is a significant increase over the 65% of companies who reported requiring a waiting period of 7 days or more in BLR's Survey of Employee Benefits in late 2006.
In the most recent survey, most (64%) companies reported that they pay a short-term disability benefit of 60-69% of weekly pay for 13 weeks or less, funded primarily by conventional insurance.
The trend toward longer waiting periods was also found for long-term disability insurance, with 94% of respondents requiring a delay of 3 months or more, compared with 80% of respondents in the 2006 survey.
The survey, which included over 400 responses, was conducted by BLR's HR Daily Advisor in March-April 2010.
For detailed survey results, see 2010 Fringe Benefit Survey Series - Disability and Group Insurance Practices.