WELLESLEY, Mass., Oct. 22,
2024 /PRNewswire/ -- Sun Life U.S. is expanding its
Healthcare Professional long-term disability (LTD) coverage, which
is designed to address the unique needs of healthcare providers if
they are unable to work due to illness or injury. The expansion of
the coverage provides more income protection for non-physician
providers (also known as physician extenders) who offer a medical
specialty, such as physician assistants (PAs), registered nurses
(RNs), nurse practitioners (NPs) or clinical social workers.
Competitive benefits that provide a better experience and improved
health outcomes have become a powerful tool for healthcare
organizations to recruit and retain talent.
"Nurses, PAs, and other providers that extend beyond physicians
are essential resources in providing care, and it is important that
their employers are able to offer them excellent benefits," said
Joi Tillman, president, Group
Benefits Sun Life U.S. "LTD also helps those on disability return
to their roles in clinics and hospitals. The expansion of our
Healthcare Professional LTD coverage gives organizations a strong
tool to attract and retain more talent, helping to mitigate the
provider shortages across the U.S. healthcare system."
Employment of nurses and PAs is expected to increase rapidly
over the next decade, according to the Bureau of Labor Statistics.
Employment of PAs is expected to grow 28%, while employment of
nurse anesthetists, nurse midwives and NPs is expected to increase
by 40%. Research in Nurse Journal shows that nurse practitioner is
the fastest growing occupation in the U.S.
"When healthcare professionals are on disability leave, it
affects not just the individual and their family, but patients and
colleagues as well," said Rachael
Kolodica, director, Healthcare Professional Market
Development, Sun Life U.S. "It is crucial to our healthcare economy
that these providers, especially those with a medical specialty,
have the coverage they need to feel secure in their careers, and
continue delivering care."
Healthcare Professional LTD protects the unique skillsets of
non-physician providers with medical specialties, such as surgery
or oncology. LTD coverage not only provides income replacement but
can also help medical professionals return to work. When a member's
ability to perform their job changes due to their illness or
injury, Sun Life vocational specialists can help them obtain
education or training in another role or field.
The expansion of Healthcare Professional LTD coverage builds on
Sun Life's other coverage solutions that meet the changing needs of
today's workforce. Sun Life offers health-connected services to
help improve the health outcomes of members, including care
navigation, mental health, musculoskeletal condition support,
clinical oversight and intervention, and family planning
benefits.
For more information on Healthcare Professional LTD coverage,
visit: www.sunlife.com/healthcareprofessional.
About Sun Life
Sun Life is a leading international
financial services organization providing asset management, wealth,
insurance and health solutions to individual and institutional
Clients. Sun Life has operations in a number of markets worldwide,
including Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30,
2024, Sun Life had total assets under management of
C$1.46 trillion. For more
information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Sun Life U.S. is one of the largest providers of employee and
government benefits, helping approximately 50 million Americans
access the healthcare and coverage they need. Through employers,
industry partners and government programs, Sun Life U.S. offers a
portfolio of benefits and services, including dental, vision,
disability, absence management, life, supplemental health, medical
stop-loss insurance, and healthcare navigation. Sun Life employs
more than 8,500 people in the U.S., including associates in our
partner dental practices and affiliated companies in asset
management. Group insurance policies are issued by Sun Life
Assurance Company of Canada
(Wellesley Hills, Mass.), except
in New York, where policies are
issued by Sun Life and Health Insurance Company (U.S.)
(Lansing, Mich.). For more
information visit our website and newsroom.
Media contacts
Devon Fernald
Sun Life U.S.
Devon.Portney.Fernald@sunlife.com
781-800-3609
Connect with Sun Life U.S.
https://www.facebook.com/SLFUnitedStates
https://www.linkedin.com/company/sun-life-financial
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SOURCE Sun Life U.S.