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Disability insurance under examination

  • by The Quotesonline Team

Insurance News reports that the Productivity Commission has initiated an inquiry into a long-term disability care and support system which will explore the potential benefits of a social no-fault insurance scheme.

The commission called for submissions to the inquiry, which will close with a final report by 31 July 2011.

The inquiry was begun by the Federal Government in an attempt to provide better outcomes for disabled people and their carers.

Insurance News reports that “While Australia’s social security and universal health care systems provide an entitlement to services based on need, there is currently no equivalent entitlement to disability care and support services.

A long-term disability care scheme would cover those disabled at birth or by an accident or health condition. The Productivity Commission inquiry will cover scheme feasibility, cost and impact.

It will also examine the effect on existing injury insurance provisions.”

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