The Workers Compensation Board (WCB) of Prince Edward Island (Canada) is taking steps to provide more support to injured workers by eliminating a 2 day waiting period before benefits begin.
“Eliminating the wait period will provide wage loss benefits to all workers from the day following an accident,” said Stuart Affleck, Chair of the Workers Compensation Board.
“This measure will have a direct impact on our most vulnerable injured workers who might not have access to sick leave benefits during this timeframe.”
In 2002, the Workers Compensation Act was amended to introduce a three-day wait period following an injury, before benefits commenced. This amount was reimbursed if the worker remained off work for more than four consecutive weeks. The three day wait period was one of the measures taken to help bring the Board into a fully funded position.
Under the Workers Compensation Act, the Board is required to be fully funded in order to provide for past, present and future claims for injured workers.
In 2014 the Board was able to reduce the wait period to two days and they continued to monitor and evaluate the reduction for a two-year period, with plans to reduce further if results were positive.
Over the past 10 years, WCB has provided Island employers with a 17% reduction in average assessment rates.
If the legislative amendment to eliminate the wait period for workers is passed in the upcoming session, the changes to the Workers Compensation Act would be effective Jan. 1, 2016.
Author Kori Shafer-Stack, Editor, Amaxx Risk Solutions, Inc. is an expert in post-injury response procedures and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. www.reduceyourworkerscomp.com. Contact: kstack@reduceyourworkerscomp.com.
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Great, the two day wait period was a joke. There was no point in, glad it’s gone.