Share This Article:

Three things employers should know about disability coverage

iStock-949199414 (1)

The majority of Americans don't have disability coverage

May is Disability Insurance Awareness Month, and this presents an opportunity for employers and employees alike to learn more about the prevalence of disabilities and the benefits of disability coverage.

Here are three things to know about disability insurance:

The majority of Americans don’t have disability coverage

Data shows that only a third of Americans have disability coverage - and this is often because it’s not offered by their employer.

Disability coverage is misunderstood

Many consumers believe disability coverage only benefits older Americans or those in high-risk jobs. In fact, 1 in 5 adults or over 53 million people in the United States have a disability, according to the CDC.

Offering disability coverage can improve recruitment and retention

With unemployment rates at historic lows, many employers are experiencing hiring challenges. Offering short-term and long-term disability coverage, especially as an employer-paid benefit, can make organizations stand out with new hires.

New Call-to-action

Share This Article:

Related Posts

ACA tax back in place for 2020 The Affordable Care Act requires insurers offering...

More care covered before the deductible is met This summer, the IRS expanded the list...

Why and how to conduct a quality performance review Performance management techniques...

The advantages of a competitive benefits package Small business owners are...

Submit a Comment