June 2013 > Be a Wise Healthcare Consumer

Be a Wise Healthcare Consumer

It Won’t Happen to Me… Or Will It?

It's hard to imagine becoming disabled. But disability, and resulting income loss, happens with far more frequency than workers predict. And because they can be caused by a variety of illnesses and injuries, for example cancer, stroke, back and joint pain, accidents, sports injuries and chronic diseases, disabilities can happen to anyone—at any time. In fact, the statistics are startling:

And when a worker’s income is lost because an illness or accident strikes, financial devastation can strike as well…loss of savings and retirement income, foreclosure, bankruptcy. So how can you avoid becoming another statistic? Start planning.

The Council for Disability Awareness, a non-profit group formed in 2005, is dedicated to helping American workers become aware of the growing instances of disability and its financial consequences. It provides a wide array of educational resources that you can access through its Web site at: www.disabilitycanhappen.org. Among them:

To learn more about the likelihood of disability and what you can do to increase your financial security, visit www.disabilitycanhappen.org. For details about the Long and Short Term Disability coverage available to employees as part of your UT Benefits, please visit the Office of Employee Benefits website.

1 Social Security Administration, Fact Sheet 2007
2 Commissioner's Individual Disability Table A
3 "Commissioners Disability Table, 1998" Health Insurance Association of America, the New York Times, February 2000
4 Social Security Administration, Fact Sheet 2007