Navigation Links
New Harris Survey Finds That Most Baby Boomers Underestimate Disability Risk
Date:3/7/2008

WASHINGTON, March 7 /PRNewswire-USNewswire/ -- Most Baby Boomers underestimate their risk of suffering a disability that would cause them to miss work for an extended period of time, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP). The survey also found that Baby Boomers are unaware of the most common causes of disability and are not too concerned about their risk of becoming disabled.

"Baby Boomers' lack of awareness of their risk of disability presents a significant threat to their financial security," said Karen Ignagni, President and CEO of AHIP. "When individuals underestimate their risk of disability, they are less likely to protect their income and are more vulnerable to the financial hardship that suffering a disability can cause."

The survey found that just over a third of Baby Boomers think the chances of becoming disabled due to illness or injury is 5 percent or less, a slight majority think the chances are 10 percent or less, and two-thirds think the chances are 20 percent or less. In reality, a worker has a 30% chance of suffering a disabling injury or illness causing him or her to miss three or more months of work before reaching retirement, according to the Social Security Administration.

The survey also found that nearly half (47 percent) of Baby Boomers say they are not too concerned about their chances of suffering a disabling illness or injury.

One of the reasons Baby Boomers underestimate their risk is because they are unaware of the most common causes of disability, mistakenly believing that injuries cause more disabilities than illnesses. According to the survey, Boomers believe the most common causes of disability are back, muscle or joint problems (26 percent), injuries on the job (18 percent) and injuries off the job (16 percent). In actuality, research shows that the most common causes of disability are illnesses such as cancer, heart disease and diabetes.

"The survey shows that Baby Boomers need to be better educated about the risks and causes of disability to ensure they take appropriate steps to protect themselves," said Humphrey Taylor, Chairman of the Harris Poll.

The survey did find that most Baby Boomers accurately believe they are more likely to suffer a disability than premature death and that most disabilities occur outside of the workplace.

This is the first in a series of surveys assessing Baby Boomers' awareness of and knowledge about disability income protection. A memo outlining the survey findings is available here: http://www.ahip.org/content/default.aspx?docid=22626. The entire survey questionnaire can be found here: http://www.ahip.org/content/default.aspx?docid=22625.

America's Health Insurance Plans - Providing Health Benefits to More Than 200 Million Americans

Harris Interactive conducted an online survey on behalf of AHIP between February 14 - 18 among a nationwide sample of 2,853 adults aged 18 and older, including 828 Baby Boomers aged 44 - 62. Data were weighted to be representative of the total U.S. adult population that is online on the basis of region, age within gender, education, household income and race/ethnicity, and for propensity to go online. No estimates of theoretical sampling error can be calculated; a full methodology is available.


'/>"/>
SOURCE America's Health Insurance Plans
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Eckert Seamans Announces Major Expansion in Philadelphia, West Chester and Harrisburg
2. George Harrison Fund for UNICEF Announces Donation for Bangladesh Cyclone Relief
3. James E. Harris to Become Chief Financial Officer of Coca-Cola Bottling Co. Consolidated
4. NPR, Harris Corporation and Towson University Launch Global Effort To Make Radio Accessible to Hearing and Sight Impaired
5. Dr. Bart Harmon Named Chief Medical Officer for Harris Corporations Healthcare Solutions Business
6. Pennsylvania Gov. Rendell: $10 Million Partnership With Harrisburg Venture Capital Firm Boosts PAs Life Sciences Industry
7. Harris Corporation Demonstrates Remote Digital Imagery Display and Manipulation for Pathology Applications
8. Harris Corporation Unveils Broadcast-Style Multiviewers for Real-Time Multi- Screen Access to Medical Information
9. Harris Corporation Demonstrates Digital Signage(TM) Solutions for Dynamic, Rapid Communications within Healthcare Enterprises
10. Representative Greg Harris, Senator Jacqueline Collins, Senator Iris Martinez and Fellow State Legislators to Join Susan G. Komen for the Cure in Announcing Groundbreaking Legislation to Reduce Breast Cancer Disparities; Will Hold Press Conference Friday
11. Survey reveals disparities in skin cancer knowledge, protection among high school students
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... On Memorial Day, Hope For ... their lives in military battle for the country. The nonprofit Hope For Heroes ... more programs that empower independence for disabled military veterans, as well as police, firemen, ...
(Date:5/26/2016)... ... 2016 , ... Cardiac arrhythmia is a common complication following ... survival, reports a team of UPMC researchers in the largest study of its ... Thoracic and Cardiovascular Surgery, provide critical information that will hopefully lead to better ...
(Date:5/26/2016)... ... May 26, 2016 , ... MadgeTech will be showcasing its line ... in Warner, New Hampshire at the MadgeTech headquarters. With products sold in more than ... by government agencies, including NASA. , In 2012, NASA strategically set up 17 ...
(Date:5/26/2016)... ... May 26, 2016 , ... Dr. James ... Fighting Blindness, Long Island Chapter on June 4, 2016, 1:30-3:30 pm at the ... founder of Retina Group of New York , is a Board Certified ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... In an effort to provide hair restoration ... to both Snapchat users and those who do not use the app. Dr. Mohebi, the ... new page, Dr. Mohebi Live . , Dr. Mohebi says, “The positive response ...
Breaking Medicine News(10 mins):
(Date:5/27/2016)... , May 27, 2016 Amarantus BioScience ... on developing products for Regenerative Medicine, Neurology and Orphan Diseases, today ... be presenting at two upcoming investor conferences: SeeThru ... Third Avenue, New York City , NY ... Marcum MicroCap Conference   Where: Grand Hyatt ...
(Date:5/26/2016)... May 26, 2016 According to a ... Management Market - U.S. Industry Analysis, Size, Share, Growth, Trends, ... in the U.S. was valued at US$ 5.89 Bn in ... 3.4% from 2015 to 2023 to reach US$ 7.99 Bn ... current and emerging needle free drug delivery devices and the ...
(Date:5/26/2016)... -- TARE (Transarterial Radio-embolization) Using Yttrium-90 ... Overall Decreased Use of Hospital Resource ... healthcare company, has today announced the publication of ... ISPOR (International Society for Pharmacoeconomics and Outcomes Research), ... yttrium-90 glass microspheres is associated with cost savings ...
Breaking Medicine Technology: