Close Close

Life Health > Life Insurance

Study: Combined Leave Oversight Cuts Costs

Your article was successfully shared with the contacts you provided.

Giving one company control over both disability leave management and family and medical leave management can lead to big savings.

UnumProvident Corp., Chattanooga, Tenn., is reporting that conclusion in a report based on an analysis of lost-time data from 2001 to 2004 for 144,460 employees working for UnumProvident customers.

Customers that combined management for both types of leave saved an average of $120 per disability claimant when compared with customers that hired UnumProvident only to handle disability management services, UnumProvident says.

Integrating leave management services led to a 22% reduction in the average lost work days per short-term disability claim and a 36% reduction in the percentage of repeat short-term disability claimants, the company says.