Toward an end-to-end process for handling mental health insurance claims

CommInsure_Roundtable_Sep0948Insurance claims for mental health- related illnesses are more complicated than those for physical injuries. Many of the problems relate to social attitudes toward those with psychiatric disorders. In this gathering of Industry Fund Forum members, legal and mental health experts, and group insurer CommInsure, an attempt is made to identify the extent of mental health-related claims – no easy feat – while steps being taken to improve the process between funds, administrators and insurers are outlined.

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Super funds and insurers confront escalating mental health claims crisis

Mental ill health claims across group and retail life insurance policies are expected to reach more than $4 billion this year, according to data from the Council of Australian Life Insurers and Conexus Financial – a trajectory that is unlikely to change. But the ways that superannuation funds and insurers are dealing with mental ill health are flawed, according to an Investment Magazine roundtable, in partnership with AIA Australia.

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