A study was conducted the end of last year on the impact of age and construction injury cost.
Living in this world today is not as easy as most of our parents had it. The cost of everything has inflated to unreasonable numbers while pay has only increased minimally. Working until your in your older years in something that is not an option anymore, but a need to survive. People are delaying retirements because they have no choice but in the construction world how wise is that?
100,000 workers compensation cases were reviewed to understands the relationship between claimant age and workers compensation costs by the causes and natures of injuries and illnesses. The findings indicate that while older construction workers filed a small percentage of the total workers compensation claims, their injuries and illnesses were more costly compared to younger workers. The indemnity cost of a claim increased by 3.5% for each year increase in age, whereas the medical cost increased by 1%. Workers over the age of 65 were injured most frequently from falls, slips and trips, and workers aged 35 to 64 were injured most frequently from strains. Through repetitive motion causes of injuries were not frequent among all age group, they resulted in a 6.8% increase in the indemnity cost of a claim for each year increase in age. Strains were the most common nature of injury for workers over the age of 35 but workers over the age of 65 experienced strains and contusions at similar frequencies. The analysis suggested that aging construction workers and younger construction workers do in fact experience significant differences in injuries and costs.
• Older construction workers filed a small percentage of the total workers’ compensation claims; however, when they did file a claim the associated costs were greater. This was especially true for the indemnity cost of a claim where the indemnity cost of a claim increased 3.5% for each year increase in age, where as the medical cost increased 1.1%.
• 29% of all claims filed by workers over the age of 65 were the result of a fall, slip or trip. A fall, slip or trip resulted in a 2.5% increase in the indemnity cost of a claim for each year increase in age. Falls to the same level or on ice or snow, specifically, were more common among older workers. Yet, the average cost of a fall to a different level was more costly, regardless of age.
• Strains, specifically from lifting, were the most common cause of injury among workers aged 35-64. A strain resulted in a 3.8% increase in the cost of a claim for each year increase in age.