Steven Babitsky, Esq.
I recently interviewed a long-term disability insider on the likely impact of Covid-19 on future claims.
Here are the conclusions that the expert expressed:
- Long-term disability claims (claims) will increase significantly due to Covid-19.
- People who are at high-risk due to underlying conditions including chronic lung conditions, heart problems, cancer, diabetes, etc. are likely to file at increasing rates.
- People whose jobs have been eliminated will file more claims.
- There may be a significant number of people who are afraid to return to work who decide to file a claim.
- Frontline workers like physicians, nurses, EMTs, etc. may be more likely to file a claim rather than return to work.
- Workers whose salaries have been cut significantly are more likely to file a claim.
- Workers who are at higher risk due to their age will be filing more claims.
- People who lost their business or had to close their business may be filing more claims.
- There will be an increasing need for utilization reviews due to the pandemic.
- There will be a need for additional physicians to perform long term disability reviews.
Although it is hard to precisely predict what impact Covid-19 will have on the filing of utilization reviews and long-term disability claims, experts are expecting a surge in these claims in the near future. SEAK, Inc. provides a directory of Medical File Review Consultants: https://www.filereviewconsultants.com/.
SEAK provides training on How to Start, Build, and Run a Successful Disability and File Review Practice: https://store.seak.com/how-to-start-build-and-run-a-successful-disability-and-file-review-practice-january-30-31-2021-clearwater-beach-fl/?ctk=3b74cea8-336b-4d4a-a541-24b9b95e8ba8.
About the Author
Steven Babitsky Esq. is the president of SEAK, Inc. which provides information and training on supplemental income for physicians: https://www.supplementalincomeforphysicians.com/.