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New Data Shows Continued Growth of Long-Term Disability Claims and Decline in Social Security Disability Insurance Applications Approval Rate
Date:5/13/2008

Council for Disability Awareness Releases its 2007 Claims Review from Leading Insurance Companies and Social Security Administration Data

PORTLAND, Maine, May 13 /PRNewswire-USNewswire/ -- Data from the annual Long-Term Disability Claims Review released today by the Council for Disability Awareness (CDA) reveals the continued growth of serious disabilities among the U.S. working population. Over the last ten years, the number of U.S. workers with long-term disabilities has grown four times the growth of workers in the U.S. workforce. The Review also found that a growing number of female and younger workers are experiencing serious disabilities that are impacting their ability to work. Most disabilities continue to be caused by off-the-job accidents and illnesses.

The 2007 CDA Long-Term Disability Claims Review, the third annual review of long-term disability claim trends among the U.S. working population, includes primary data from the annual CDA member company long-term disability claims survey and analyzes selected worker disability data from the SSDI program.

According to this year's review, more than 560,000 individuals received long-term disability insurance payments from CDA member companies in 2007, resulting in claim payments in excess of $7.7 billion - a 7 percent increase in payments made in 2006.

The review also shows that in last year 7.1 million disabled workers received payments from the Social Security Disability Insurance program totaling $91.3 billion - a 4.3 percent increase over payments made in 2006 and more than double the SSDI payments to disabled workers just 10 years ago.

The number of workers applying for SSDI disability payments increased to 2.2 million in 2007, 2.6% more that in 2006, while the number of disabled workers approved for payments declined to 37.6 percent, the lowest approval rate in the history of the program. Despite the increase in monthly SSDI payments, now averaging $10
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SOURCE Council for Disability Awareness
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