Kansas governor signs workers compensation reform bill

Workers Compensation - Kansas Flag - Reform

Governor Kelly has signed bipartisan legislation Senate Bill 430 into law Kansas Governor Laura Kelly has signed Senate Bill 430, a bipartisan workers compensation overhaul bill meant to provide comprehensive updates to the laws in the state. Changes were broadly believed to be long overdue for the state “This legislation is a win for our workforce, our businesses, and organized labor,” said Kelly.  “The reforms in this legislation will create a more just and efficient workers compensation system that increases the benefits for injured workers while creating administrative efficiencies and…

Read More

Social Security Administration struggling with disability insurance overpayments

Disability insurance Form

The SSA hasn’t been adjusting the benefits of people going back to work after having been unable to. The Social Security Administration is facing struggles with overpaying benefits to disability insurance beneficiaries. The coverage is meant to provide benefits when an individual’s disabilities stop them from working. However, the Social Security Administration (SSA) has not been adjusting disability insurance benefits for some people when they return the work. The result is that they risk being overpaid. As nice as that might sound, beneficiaries who are overpaid may have to repay…

Read More

New changes to Vermont workers’ compensation in effect

Workers compensation - changes - Vermont

Among them include coverage for dependent children, and special coverage for firefighters. New rules for workers compensation benefits in Vermont have become effective, including temporary total disability, as well as for dependent children, and for the work search requirement for injured people who are making their way back into the job market. The changes became effective at the start of the month as a result of new state legislation. The changes to Vermont workers compensation were a component of a bill that was primarily aimed at addressing childcare and early…

Read More

Disability insurance satisfaction continues to be high

Disability insurance - Income - Form

American workers covered by this type of coverage remain satisfied with what it provides. Millions of Americans are currently covered by disability insurance, providing them with protection against the loss of income they would otherwise face due to being unable to work because of an illness or injury. This coverage makes sure that policyholders will continue to have an income during these extended periods. A recent AHIP survey found that people who have disability insurance are highly satisfied with their coverage and what it provides. They indicated that they are…

Read More

Global disability insurance industry expected to hit $9.2 billion by 2031

Disability Insurance Growth 2031

A recent report has shown that there will be considerable growth in this market over the next few years. A recent report published by ResearchAndMarkets.com predicted that the disability insurance market is expected to reach $9.2 billion by 2031. The report showed that there is expected to be a CAGR of 11 percent from 2022 through the end of 2031. The report was titled “Disability Insurance Market by Insurance Type, By End User, By Coverage Type: Global Opportunity Analysis and Industry Forecast, 2021-2031.” It showed that the market was valued…

Read More