Long-Term Care Planning and Disability Planning Go Hand-in-Hand
Physician Disability Insurance Facts:
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1 in 4 Americans in the workforce will suffer a disabling injury before retirement
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350,000 bankruptcies per year can be attributed to unexpected injuries or illnesses
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65% of applicants for disability benefits through Social Security are denied the first time
The 5 leading causes of long-term disability
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Musculoskeletal. According to the Council for Disability Awareness (CDA), about a quarter of long-term disabilities are caused by muscle, joint or back problems.
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Cancer. ...
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Cardiovascular. ...
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Injuries. ...
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Mental health. ...
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Strokes. ...
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Diabetes. ...
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Infectious diseases.
"Cancer is the fastest-growing cause for disability claims," Tassey says. Why? In part, this reflects a rising rate of cancer, he says. It could also result from more effective treatment. "We're doing medical miracles today," he says. "People are living much longer after a cancer diagnosis than they once did." WebMD
Centers for Disease Control and Prevention
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Each year in the United States, about three million people are nonfatally injured in motor vehicle crashes.
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Crash-related injuries are costly—medical care costs and productivity losses associated with injuries and deaths from motor vehicle crashes exceeded $75 billion in 2017.
