Learn more below about all the ways income protection helps protect American workers.
Through a simple and transparent process, auto enroll can ensure financial protection for employees while reducing pressure on safety net programs.
Protecting the income of hard working Americas is our priority. It’s important to understand the options for disability related coverage and how to ensure your financial security for the future.
On April 21, 2016, a new law was passed in the State of Maine to provide an incentive for businesses that newly make available a disability insurance benefit to their employees, as well as an incentive for those that currently offer a disability plan to do so on an automatically enrolled basis. Legislators passed this new law not only because they believe it will result in increased financial security for their constituents, but also reduced pressure on State safety net programs.
Recommendations by the BPC to Congress highlight the fact that "PDI (private disability insurance) increases access to workforce-attachment supports for those who experience the onset of disability" and call for a pilot project to examine ways to increase PDI coverage.
In chapter 9, Expanding Disability Insurance Coverage to Help the SSDI Program, two PhD economists estimate that increasing the number of workers covered by private disability insurance through automatic enrollment would "bring greater financial security to many more employees" as well as "bolster the long-term financial stability of the Social Security Disability Insurance Trust Fund."
In a new report by the Charles River Associates, economic analysis shows savings to state governments when workers are covered by private coverage.
Private disability insurers are promoting legislation in Washington designed to increase the number of workers with protected income. This legislation would:
To read more on the topic, access the following issue brief now.
Small employers who don't offer long term disability insurance overestimate the cost and underestimate the desire of employees for this coverage, shows new research from the Consumer Federation of America (CFA) in partnership with Unum. Get the details of our research as well as Unum-CFA reports from 2012 and 2013 by clicking the link below.
A Charles River Associates report found value of financial protection for American families, including additional benefits and savings for the government and society at-large. The report, commissioned by Unum, shows that now is the time for individuals to take control of their financial security.
We say that the financial security of working Americans is an important priority, and Congressional Income Protection Benefits Caucus agrees.
Sponsored by America's Health Insurance Plans, Your Income at Risk, a non-profit, grassroots initiative, works to raise awareness about how the disability insurance industry helps protect millions of Americans from financial hardship and prepare for the unexpected. Visit their site to learn more about why disability insurance is critical to ensuring Americans' financial safety net.
The Council for Disability Awareness provides individuals, families and employers with resources about disability insurance. Find out more about how they help prepare Americans for for an unexpected illness, injury or accident.