How Income Protection helps combat 'long Covid'
- Long Covid has wide ranging symptoms, from breathlessness to chronic fatigue, to what’s been described as ‘brain fog’. None of these conditions encourage a productive day at work. So, what is the hard evidence that long Covid is having a major impact on the UK economy?
- Recent statistics estimated 1.3 million people living in private households in the UK (2.1% of the population) were experiencing long Covid symptoms persisting for more than four weeks after their first suspected coronavirus infection. The sheer scale of the problem has affected a significant proportion of the workforce, just when ‘people power’ is needed the most.
- Fatigue continued to be the most common symptom reported as part of individuals' experience of long Covid (50% of those with self-reported long Covid), followed by shortness of breath (37%), loss of smell (37%), and loss of taste (28%).
Defining long Covid remains a big issue
- As a proportion of the UK population, prevalence of self-reported long Covid was greatest in people aged 35 to 69 years, therefore disrupting the lives of mature employees more than younger workers. The next question is: what exactly is long Covid?
- It’s an issue that has perplexed the medical profession and the insurance industry, which share a mutual interest in objective, science-based information. But defining long Covid continues to present multiple issues. So how does any of this help employers get people back to work? Income Protection policies could provide a solution.
How Income Protection makes a difference
Group Income Protection benefits work like this: when an employee is unable to work due to an illness or injury, resulting in a loss of earnings, the insurance provider will pay the employer a proportion of the employee’s monthly income after a defined deferred period.
Individual Income Protection benefits work like this: when you take out an income protection plan and are unable to work due to an illness or injury, resulting in a loss of earnings, the insurance provider will pay you directly a proportion of your monthly income after a defined deferred period.
Are you covered?
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