Group Disability Insurance Carriers | Disability Insurance Carrier ...

The RMSCO Approach to disability insurance carrier? Manage your Disability Benefits Program ? May an Employer/Insurance Carrier have an Employee claiming benefits examined by ? Achieve Significant Savings. As a Self Insurer, the Employer continues to be liable for claims and claim related expenses. However, significant cash savings can be achieved through:? Better disability management, which includes ensuring that a disability insurance carrier claim is not rejected and placed into the Workers? Compensation system? Improved cash ?

The RMSCO Approach to Disability Insurance? Manage your disability insurance carrier Benefits Program utilizing RMSCO?s experience and aggressive claim handling techniques. Achieve Significant Savings. As a Self Insurer, the Employer continues to be liable for claims and claim related expenses. However, significant cash savings can be achieved through: ? Better disability management, which includes ensuring that a disability claim is not rejected and placed into the Workers? Compensation system ? Improved cash flow by paying claims when due, as opposed to dealing with monthly premiums ? Notification of claims as they occur, which allows for more active disability management ??.. Our attention to detail with regard to your disability claims far exceeds that of most administrators and carriers. We can help you control disability insurance carrier claims costs by employing technical strategies based on years of experience. These include: ? Obtaining full reimbursement from Workers? Compensation insurance where applicable ? Aggressively pursuing subrogation when a negligent third party caused the disability ? Prorating benefits between both Employers when dual employment occurs ? Potentially stopping payment of disability benefits to claimants after an Employee strike has begun ? Denying benefits to a claimant if he/she is found to have committed an illegal act or brought a disability upon himself/herself State-mandated assessments? RMSCO can help. Every year, Self Insured Employers are required to report statistical data to the Workers? Compensation Board regarding the total number and value of disability insurance carrier benefits claims made during the year. In addition, all payroll and disability premium contributions made by Employees must be reported. RMSCO compiles all the necessary information for this filing and provides it to the Workers? Compensation Board on your behalf. We will audit your fund requirements and other reporting requirements, assisting you where needed to stay compliant with state disability insurance carrier insurance requirements. Claims handled the right way. The experienced team at RMSCO is knowledgeable in all aspects of Disability claims management. Cost containment is achieved through prompt claims reporting, extensive review, and paying benefits when due.

Delay or denial of payments, when it is not clearly warranted, may prompt an employee to file a more costly Workers? Compensation claim to obtain income. Self Insuring disability insurance carrier benefits allows you to minimize this risk. When we administer both Workers? Compensation and Disability claims for an Employer, our Disability Claims Examiners work side by side with our Workers? Compensation Claims Examiners. This allows for an ongoing dialogue on proper claims handling. As a full-service risk management firm as well as a licensed administrator of disability insurance carrier benefits, RMSCO can conduct a feasibility study to help you determine if Self Insuring Short-Term Disability benefits would be cost effective for your company.

RMSCO, Inc. Liverpool: 115 Continuum Drive Liverpool, NY 13088 315-448-9000 315-476-8440 (Fax) 800-356-1029 (Toll Free) Albany: 80 Wolf Road Suite 403 Albany, NY 12205 518-438-0765 518-438-0767 (Fax) www.rmscoinc.com If an employee engages in work for remuneration or profit, even if done at home, while disabled, is he/she eligible for Disability Benefits? No. As long as he/she is performing any kind of work for remuneration or profit, he/ she is ineligible to receive benefits. Are the costs of medical care included? No. Costs of medical care are not included under the statutory provisions of the Disability Benefits Law. However, where an Employer or a union or association plan has been accepted as complying with the law, the worker is entitled to the benefits as described by the Plan. Contact your Employer to find out if it provides or participates in such a Plan. May an Employer/Insurance Carrier have an Employee claiming benefits examined by a health care provider designated by the Employer/Carrier? Yes. The Employee must submit him/ herself at intervals, but not more than once a week, to such examinations if requested. Exams are not paid for by the Employee and are held at a reasonable time and place. Refusal to submit to an exam may jeopardize a claimant?s benefits. Can a claimant collect Unemployment Insurance and Disability Benefits for the same period of time? No. If an employee quits his or her job, may that employee receive disability insurance carrier Benefits? Termination of employment may affect an Employee?s right to disability Benefits?.

Download The RMSCO Approach to Disability Insurance Carrier.pdf

Source: http://www.pdfee.net/rmsco-approach-to-disability-insurance-carrier.html

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