Millions of Americans mistakenly believe that they are protected against disabilities that would keep them off work, according to America’s Health Insurance Plans, which today launched a campaign to increase awareness of the problem.
“Families dangerously underestimate their vulnerability… and they dangerously overestimate their coverage,” said Karen Ignagni, president of AHIP, Washington.
About 58% of Americans believe that they have disability coverage, even though only 35% actually do, Ignagni said.
AHIP has set up a Web site to educate consumers about the risks they face at Document Link
AHIP also is trying to contribute to the general body of knowledge about disability and disability insurance, by releasing a policy brief and a survey report addressing disability issues.
The brief, by David Stapleton, Richard Burkhauser and Peiyun She of Cornell University and Robert Weathers II of Mathematica Policy Research Inc., Princeton, N.J., concludes that the current public-private disability system is “under stress and in great need of innovation.”