Skip to content
Subscriber Only

Aging Workers Push Disability Costs Higher for Insurers

The cost of long-term disability claims rose for at least a fifth straight year as expenses tied to the aging workforce drove payments higher for insurance companies.

Insurers paid $9.8 billion in disability claims in 2013, even as the number of workers receiving the payments fell for a second straight year amid a decline in the jobless rate, according to a report today by the Council for Disability Awareness.