Watch out for suspicious claims! 2 high-risk areas to check
A good idea for the near future: Huddle up with Benefits staffers to make sure your firm has a solid system for investigating fishy disability claims.
Why? Much like other types of employee fraud, phony disability claims have risen significantly in the past year.
According to a new report by the National Insurance Crime Bureau, the number of questionable claims was much greater in the first quarter of 2009 than it was in the first quarter of 2008.
The report compares claims reviewed and classified as possibly fraudulent by insurance companies.
Specifically, it may be a good idea to pay extra attention to any claims that fall into the following two categories — categories that saw a drastic increase in the first quarter of 2009:
- the number of employees filing workplace slip-and-fall claims against their employers increased 77%, and
- the number of suspected fraudulent claims related to workers’ compensation increased 71%.
Free Training & Resources
White Papers
Provided by Anaplan
Further Reading
Confirming when federal legal and banking holidays will occur in 2024 can help you avoid surprises on paydays, tax deposit due dates and re...
It’s that time of year again: Employer health insurance plans are up for renewal. For finance leaders, this period can feel like a lotter...
More employees feel left in the dark about pay than finance and business leaders might expect: 22% disagree and another 29% strongly disagr...
In April 2025, U.S. Citizenship and Immigration Services (USCIS) released an updated version of Form I-9, Employment Eligibility Verificati...
So is the long-predicted recession near — or here already? Depends on who you ask. The traditional bellwether of a recession, gros...
In tough economic times, employees desperate for extra income might say they’re willing to forgo overtime pay – but that doesn’t ...