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The apparent rise in mental disability claims is a significant issue for disabilityinsurers and workers’ compensationsystems. The observed rise in workers’ compensation claims for mental injury must be interpreted in context. Here is a brief recap of our discussion so far.
On the disabilityinsurance side, this shift has meant changes to policies and procedures. While not everyone has access to disability plans, insured parties want clarity of the coverage; insurers need clear procedures to approve coverage. The toughen-up attitude still exists.
I recently ran across a fantastic retrospective published in 2018 by Time, " The 25 Moments From American History That Matter Right Now. " The 1948 adoption of the Mississippi Workers' Compensation Law (marking the unanimity of this concept in the nation). The implementation of Social Security DisabilityInsurance (1956).
In the accompanying slides and in some responses, I provide additional references as a starting point for understanding and comparing initial workers’ compensation. All workers’ compensationsystems pay the same rate for lost wages…right? I could find only one jurisdiction with no maximum on insured earnings: Manitoba.
To forestall this eventuality, the majority of North American workers’ compensation jurisdictions adjust periodic payments (sometimes called workers’ compensation pensions or permanent disability payments) to account for increases in the cost of living. That increase was effective July 1, 2018.
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