Summer “trips” lead to accident claims
June 19 2017 - 10:08AM
Business Wire
Sprains and dislocations top the list of
Colonial Life accident insurance claims
Baseball games, the beach and the backyard: June’s warm weather
brings more opportunities for outdoor activities. But it’s also a
prime season for accidental injuries.
Whether it’s an ill-timed slide into second base or lost footing
on a rocky path, sprains and dislocations are common occurrences —
and not just in the summer. In fact, they’re the most common reason
for accident insurance claims received by Colonial Life &
Accident Insurance Company all year, according to 2016 company
records.
The company’s top causes for accident claims include:
- Sprains/dislocations: 20 percent
- Arthropathies and related disorders
(arthritis): 15 percent
- Back injuries: 13 percent
- Fractures: 10 percent
Those injuries can also hurt your wallet. Not counting health
insurance, emergency room treatment for a sprained or broken ankle
can cost $500 for a mild to moderate sprain — $2,500 or more for a
fracture requiring a cast, according to costhelperhealth.com. At
the same time, a new Employee Benefit Research Institute survey
shows one in four U.S. workers and their spouses have less than
$1,000 in savings — a potentially painful financial gap.
“Most people have some health insurance that will help pay
medical expenses related to an accident, but today’s
higher-deductible plans leave many people with sizeable
out-of-pocket expenses,” says Steve Hesler, assistant vice
president for product development at Colonial Life. “Accidents can
also involve nonmedical expenses not covered by major medical
insurance, such as lost income from not being able to work, travel
for treatment or caregiver expenses.”
A voluntary accident insurance plan purchased at the workplace
can help employees protect themselves and their families from this
financial exposure. Voluntary accident insurance typically offers a
wide range of coverage, including hospital admissions, emergency
room treatment, doctor’s office and urgent care visits, surgery,
medical imaging studies and X-rays.
Learn more about accident insurance on Colonial Life’s website
or on Colonial Life’s benefits learning center.
About Colonial Life
Colonial Life & Accident Insurance Company is a market
leader in providing financial protection benefits through the
workplace, including disability, life, accident, dental, cancer,
critical illness and hospital confinement indemnity insurance. The
company’s benefit services and education, innovative enrollment
technology and personal service support more than 86,000 businesses
and organizations, representing 3.7 million of America’s workers
and their families. For more information visit www.coloniallife.com
or connect with the company at
www.facebook.com/coloniallifebenefits, www.twitter.com/coloniallife
and www.linkedin.com/company/colonial-life. Colonial Life is a
registered trademark and marketing brand of Colonial Life &
Accident Insurance Company.
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version on businesswire.com: http://www.businesswire.com/news/home/20170619005757/en/
Colonial LifeJeanne Reynolds,
803-678-6274jdreynolds@coloniallife.com
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