BizCommunity - 25 Oct 2022
Historical under-investment in mental-health services in South Africa has been compounded by an increase in insurance incapacity claims for mental-health issues, compounded by long-Covid health conditions.
Alexforbes Health Management Solutions (HMS), a health risk manager within the employee wellbeing space, has seen up to a 40% increase in such incapacity cases over the past year.
According to Gareth Friedlander, Discovery Life deputy chief executive, the insurer was concerned about the growing prevalence of claims related to mental-health conditions.
Liberty reported a spike in mental-health claims from its clients during 2021, particularly among working people between 35 and 54 years. This is largely attributed to the stresses brought on by the pandemic.
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