Musculoskeletal (MSK) conditions account for a high proportion of the value of claims on corporate schemes - typically 35 to 40% of the total claims spend - and are also responsible for around 33m days sickness absence per year, according to research.
Jelf Employee Benefits is urging employers to take a more active role in managing their health insurance costs by tackling the issue of MSK directly. Matthew Judge, technical Director for Jelf Employee Benefits said: "The industry as a whole has woken up to the fact that rising healthcare costs are unsustainable." Given that musculoskeletal claims comprise such a significant proportion of total claims, many providers, advisers and employers are working together to produce more creative solutions to manage these costs, he added. Jelf Employee Benefits said that some insurers are of...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.