---
title: Group disability insurances benefits economy, workers and businesses
description: A human resources administration has a number of tasks on its agenda, from managing payrolling services to hiring practices to employee benefits, such as insurance.
---

[Skip to content](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses#main-content)

[![IES Logo_Full-ColorNavy](https://blog.innovativeemployeesolutions.com/hs-fs/hubfs/IES%20Logo_Full-ColorNavy.png?width=300&height=140&name=IES%20Logo_Full-ColorNavy.png)](https://www.innovativeemployeesolutions.com/)

- [Innovative Employee Solutions Blog](https://blog.innovativeemployeesolutions.com)

- [Innovative Employee Solutions Blog](https://blog.innovativeemployeesolutions.com)

<https://twitter.com/intent/tweet?original_referer=https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses&url=https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses&source=tweetbutton> <http://www.linkedin.com/shareArticle?mini=true&url=https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses> <http://www.facebook.com/share.php?u=https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses> [mailto:?subject=Check%20out%20https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses](mailto:?subject=Check%20out%20https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses)

August 11, 2011

# Group disability insurances benefits economy, workers and businesses

Written by: [Innovative Employee Solutions](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/innovativeemployeesolutions)

A [human resources administration](http://innovativeemployeesolutions.com/wp/hr-administration/) has a number of tasks on its agenda, from managing [payrolling](http://innovativeemployeesolutions.com/wp/payrolling/) services to hiring practices to employee benefits, such as insurance.

Group disability insurance is one benefit that some employers may find cost-prohibitive. However, a recent study from life and long-term care insurance company Unum finds disability coverage can result in direct savings of up to $4.5 billion per year for the government and taxpayers.

The report, called "Financial Security for Working Americans: An Economic Analysis of Insurance Products in Workplace Benefits Programs," looks at group disability insurance plans and their effect on consumers, businesses and societal value.

For example, currently, employers spend $21 billion on group life insurance, which ultimately gives the economy and its 75 million participants a $3.5 trillion boost.

"Employer-sponsored financial protection benefits provide a critical financial safety net for individuals and families, particularly lower- and middle-income Americans," said Unum CEO and president Tom Watjen.

Workers may come to rely even more on employer-provided insurance plans, especially when the U.S. federal government is forced to make approximately $2 trillion in cuts as part of the debt ceiling plan. 

Tag(s): [Blog](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/blog)

## [Innovative Employee Solutions](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/innovativeemployeesolutions)

## Other posts you might be interested in

View All Posts

## [Blog 1 min read | March 16, 2012 Bankruptcies, foreclosures spur attorney hiring trend Read More](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/bankruptcies-foreclosures-spur-attorney-hiring-trend)

## [Blog 1 min read | October 12, 2011 California jumps on credit check removal bandwagon Read More](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/california-jumps-on-credit-check-removal-bandwagon)

## [Blog 1 min read | February 14, 2013 Bizarre interview questions heard by hiring managers Read More](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/bizarre-interview-questionsheard-by-hiring-managers)

## Subscribe to email updates

Additional content around the benefits of subscribing to this blog feed.

- [Innovative Employee Solutions Blog](https://blog.innovativeemployeesolutions.com)

 © 2014-2026 Innovative Employee Solutions. All rights reserved.

<https://www.linkedin.com/company/innovativeemployeesolutions/> <https://www.facebook.com/innovativeemployeesolutions> <https://twitter.com/innovativees> <https://www.instagram.com/innovativeemployeesolutions/> <https://www.youtube.com/user/InnovativeEmployees>

[CSR policy](https://www.innovativeemployeesolutions.com/corporate-social-responsibility-policy/) [Diversity & Inclusion](https://www.innovativeemployeesolutions.com/ies-diversity-inclusion-policy/) [Privacy policies](https://www.innovativeemployeesolutions.com/privacy-policies/)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Innovative Employee Solutions",
    "url" : "https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/innovativeemployeesolutions"
  },
  "dateModified" : "2024-04-24T18:54:38.144Z",
  "datePublished" : "2011-08-11T14:51:37.000Z",
  "headline" : "Group disability insurances benefits economy, workers and businesses",
  "mainEntityOfPage" : {
    "@id" : "https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/blog/group-disability-insurances-benefits-economy-workers-and-businesses",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://blog.innovativeemployeesolutions.com/hubfs/Signature-TaglineKarla.png"
    },
    "name" : "Innovative Employee Solutions"
  }
}
```