Time for Employers to Reexamine Disability Benefits?

Only half of American workers have disability insurance benefits from their employers.  

According to new research from The Hartford, 49 percent of U.S. workers have short-term disability insurance and 44 percent have long-term disability insurance.  

The findings show a significant drop, since last year’s survey, in the number of Americans with the coverage that provides an income if one cannot work due to an illness or non-work related injury.  

Close to two million Americans have experienced a disabling illness or injury so far this year. Other surprising results of the study showed:  

  • 92 percent would need to make lifestyle changes if they lost part of their family income
  • 75 percent base buying decisions on a fear of experiencing sudden financial hardship
  • Only 25 percent of workers completely understand disability insurance  

Read the Insurance Journal article

Image: jscreationzs / FreeDigitalPhotos.net


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