posted by Marilyn Tavenner, AHIP President and CEO
on May 2, 2016
What are the chances you or a loved one could become disabled at some point during your working years? Could you continue to take care of your family and pay your bills if you were sick or injured and unable to work for an extended period of time?
We’ll be addressing these questions and more during Disability Insurance Awareness Month.
Unfortunately, most people significantly underestimate their risk for disability. In the U.S., one out of every five adults has a disability, according to the Centers for Disease Control and Prevention (CDC). Dr. Tom Frieden, director of the CDC noted, “We are all at risk of having a disability at some point in our lifetime. Health professionals and health care systems need to meet the needs of this growing population.” In reality, research has shown 3 out of 10 people entering the workplace will become disabled for three months or more at some point before retirement. And that can take a huge toll on a person’s physical, emotional, and financial health.
We, in the health insurance community, recognize the scope of this issue, which is why many of our member health plans offer Disability Income Insurance to help individuals protect themselves and their families from financial hardship due to disabling injury or illness.
Approximately one-third of American workers – more than 40 million employees – are enrolled in private disability coverage – a source of emotional and financial peace of mind. Many providers of private disability income insurance have programs to help transition disabled individuals back into the job market. A number of these plans also offer both health care and disability insurance support. By coordinating these services, these plans offer the most effective care for disabling conditions and help those affected to return to the workplace as safely and as quickly as possible.
Throughout the month of May, join our conversation about the value of Disability Insurance and encourage friends and loved ones to learn more about the benefits this type of support provides for millions of disabled individuals across the country.