About Long-Term Disability
Long-term disability (LTD) benefits provide income to employees who are still disabled after their short-term disability or salary continuation benefits end.
Typically, LTD benefits are paid as a percentage of salary, can continue until the age 65, and are usually offset by social security disability income, workers' compensation and disability pensions.
EMPAQ® Metrics
EMPAQ® metrics are ratios (i.e. numerators over denominators) that can be used to calculate the effectiveness of health and productivity management programs. They establish a consistent method for measuring cost, utilization and other performance issues.
When you submit data to EMPAQ®, the secure online data submission tool will automatically calculate metrics for you. Simply enter your data (i.e. numerator and denominator values) into the tool and EMPAQ® will calculate the metrics for analysis and reporting. The results will be delivered to you as a set of benchmarking and decision-support reports.
EMPAQ® LTD Metrics
There are 2 EMPAQ® LTD metrics.
| Metric |
Ratio |
Explanation |
| Cost per Claim |
| Cost per Claim |
= |
Total LTD Payments
Number of Active LTD Claims |
|
This metric calculates the per claim cost of LTD coverage for a defined period of time. |
| Annual Claim Incidence |
| Annual Claim Incidence |
= |
Number of New LTD Claims
Average Number of LTD Covered Employees |
× 1000 |
|
This metric calculates the number of new claims per thousand covered employees incurred during a defined period of time. |
|