Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > UHNW Client Services > Family Office News

UnumProvident: Obesity Weighs Down Employers

Your article was successfully shared with the contacts you provided.

NU Online News Service, Feb. 17, 2004, 1:37 p.m. EST – Obesity is weighing employers down with fat claims, according to UnumProvident Corp., Chattanooga, Tenn.[@@]

The insurer looked at its own disability claims database and found that it is getting about 10 times as many short-term disability claims attributed to obesity as it was getting in the early 1990s. Obesity now accounts for about 4,000 UnumProvident STD claims each year.

Total medical costs for workers who file claims that are directly or indirectly related to obesity average $51,023 per claimant per year, UnumProvident says.

Obesity-related disabilities cost employers with typical benefits packages an average of $8,720 per employee every year, the company reports.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.