Language: English, Français, Espanol
Ratio between the total amount of "remuneration paid to employees by resident employers" (SNA definition) in a given year and the total amount of GDP. Remuneration includes wages, all types of non-wage, all types of non-wage cash benefits, as well as social security contributions. [ILO,ISSA,2004,8030].
A period of one or more months following enrolment, during which new members pay premiums to the scheme but are not entitled to receive benefits, whether for themselves or for their dependents. The waiting period is primarily aimed at discouraging opportunistic behaviour in persons who might enrol only in time of need (such as immediately prior to a delivery or planned surgical operation) and subsequently withdraw from the scheme. The waiting period also enables health micro-insurance schemes to accumulate financial reserves as from the scheme's inception. The length of the waiting period often varies depending upon the type of health services covered.
Example: The waiting period for maternity benefits may be nine or 10 months, but only one to three months for consultation, hospitalization and medicines. [ref. 144]
Synonyms: qualifying period, observation period, probationary period
See: ability to pay