Over $8 billion dollars in long-term disability insurance claim payments was paid to disabled workers in 2009, a 2.9 percent increase from 2008, a recent survey found. The 2010 Council for Disability Awareness Long-Term Disability Claims Review also found that unlike most other industries, disability claims have seen little change as result of the economic downturn, even while the number of lives insured fell 2.2 percent from 2008 to 2009.

Over half of companies said they saw no meaningful change in the duration of disability claims, although 41 percent said they noticed an increase in claim duration.

Ninety-five percent of disability claims reported to the CDA were not work-related, the study found. Over 31 percent of claimants weren't eligible to receive disability benefits from Social Security.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.