This debate has been running for a while, so I won’t re-hash the basics other than to say that when STD and LTD is provided as a combined plan, the incidence of LTD claims increases.
So carriers should increase the price of their combine plans to reflect the claims experience?
Instead of a discount for providing more policy coverage, the employer should have an increased bill for the convenience of buying both coverages from one place.
OR, maybe we should look more closely at the claims management practices, and find out why the incidence increases.
Its all there in the data, and using modeling techniques we can drill into detail and get a wider appreciation for what is happening.
If you have a combined STD and LTD product we can help you… firstname.lastname@example.org