What is the definition of year incurred and why does it alter the recovery time?
The year incurred is the disability start date, or when the disability started. The reason why the predicted duration can change given various values for the year incurred is because medical technology can change over time resulting in alterations in length of disability. Such changes in medical technology include new medications, surgical procedures, and physical therapy techniques. Additionally, duration changes over time can be attributed to other factors such as economic conditions, cultural attitudes towards work, as well as laws and regulations affecting disability. The “year incurred” variable is ultimately taking many other factors into account.
Related Questions
- If I open an HSA account any time during the year, are medical expensive incurred in the same year but prior to opening the HSA account and funding it eligible for the pretax treatment?
- What is the correct definition of Free Cash Flow and is it useful to compare a companys performance from one year to the next, on the basis of Free Cash Flow and the way it changes?
- When is the best time of year to vacation at Palm Springs?