Employee disability benefits, as is the case with virtually every other kind of workplace benefit, has become an expense that workers are beginning to need to pay for and manage – at least to some degree – themselves. Now that the 2012 open enrollment season has begun, an increasing number of employers are requesting that workers take on some of the financial burden for some of the more high-end forms of disability protection. Mercer benefits consultant partner, Rich Fuerstenberg, said that he has been witnessing a gradual trend toward workers…
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Report shows workplace disability insurance protects workers and saves taxpayers
A study commissioned by Unum, the leader in employee benefits, and performed by Charles River Associates, has shown that group disability insurance protects up to half a million families from poverty, and directly saves taxpayers and the government up to an estimated $4.5 billion every year. According to The Wharton School emeritus professor David F. Babbel, who is the Charles River Associates leader of the Insurance Economics Practice, the study “quantifies the immense economic value financial protection products such as disability, life and long term care insurance provide American workers.”…
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