White Paper

Preparing for the Boom: Is Your Medical Management Program Primed for America’s Aging Workforce?

This report shares the statistics and factors behind the growing trend of retirement age employees, as well as the recommendations for preventing and managing work-related injuries among older workers.
By:

White Paper Summary

While research around the evolution of the American workforce age demonstrates that older adults often have an overall lower rate of job-related injuries, many employers are beginning to experience the early trends of a growing number of employees choosing to stay in the workforce well beyond the traditional Social Security retirement age of 66 years and two months. The maturing American workforce is making this decision for a myriad of centralized reasons: first, a greater number of older employees today hold advanced degrees and have overall better education than previous generations of employees. Therefore, working adults are more likely to stay in the workforce in order to realize their full professional and economic goals. Secondly, with overall advancements in healthcare, aging employees of today are healthier than earlier generations, and to that end, congruently, life expectancies are also expanding. Thirdly, another key contributing factor to the trend keeping older employees in the workforce longer are changes to Social Security benefits and
employees’ retirement needs to address the advancing life expectancies, thereby greater financial resources are required to maintain lifestyles for longer  periods of time.

To learn more about myMatrixx, please visit their website.

myMatrixx® is a pharmacy benefit management company laser focused on workers’ compensation. The unique combination of myMatrixx and Express Scripts makes them the only workers’ compensation PBM that can deliver customized solutions and exceptional customer service. For more information, visit myMatrixx.com.

More from Risk & Insurance

More from Risk & Insurance

Risk Matrix: Presented by Liberty Mutual Insurance

9 Trends that Are Driving Rate Increases

The market was optimistically cautious entering 2020, but thanks to COVID-19, growing liability challenges and other risk factors, we’re seeing more hardening.
By: | September 1, 2020




The R&I Editorial Team can be reached at [email protected]