DISABILITY BENEFITS FOR AGING WORKER (cont…)

(cont….)

Since the early 1970’s, employers have encountered steadily rising health care, worker’s compensation and other disability-related expenditures. The current estimate from the Federal Census Bureau indicates that the direct costs of disability have reached an all-time high of $340 billion. That’s why the U.S. labor force is rising more slowly today than it has in the preceding three decades.

Private Insurance Companies are offering disability coverage to a selected portion of the U.S. working population. But some employers are opt to self-insure disability benefits so that they can gain maximum control over the type and length of coverage while defining the types of impairments and classes of employees to which the coverage applies.

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