Over half of current bankruptcies are due to medical bills. It takes a combination of benefits — health insurance, along with disability, leave, and supplemental health including accident, critical illness, and hospital indemnity — to be prepared for and prevent devasting financial impacts. During this episode of Lincoln Absence Advisor, our benefits professionals discuss how supplemental health coverage can combine with disability and leave coverage to support on family needs, protect savings and income, and decrease financial stress that may interfere with a timely recovery and return to work.

Resources:

1. David U. Himmelstein et al, “Medical Bankruptcy in the United States, 2007: Results of a National Study,” The American Journal of Medicine, June 6, 2009
2. Lincolns Supplemental Health website

Additional sources:

1. Rose Conlon, "Nearly Half of Americans Would Have Trouble Paying an Unexpected $250 expense," Marketplace, October 15, 2002
2. “The Faces and Facts of Disability,” Social Security Administration, 2019
3. Glenn Pranky, MD et al, “Voluntary Not Voluntary,” Lincoln Financial Group, 2020
4. U.S. Bureau of Labor Statistics, 2000-2021
5. LIMRA 2021

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