Study Explores Injury Risk and Medical Cost of Popular Team Sports
Company Website:
http://www.sunlife.com/us
WELLESLEY, Mass. -- (Business Wire)
The U.S. business group of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF)
projects that New England athletes will make over 142,000 emergency room
visits this year due to sports injuries,1 nearly half
experienced by athletes age 22 and younger.2
By correlating sports injury rates to participation levels of amateur
athletes, Sun Life projected the total number of emergency room visits
caused by each of seven popular New England team sports: baseball,
basketball, football, ice hockey, soccer, softball and volleyball. The
study also analyzed per person emergency room medical costs on a
national basis for thirteen popular sports.
Sun Life conducted the study to educate workers and their employers
about the risk and cost of sports injuries amidst the rising popularity
of high deductible health insurance plans. Twenty percent of U.S.
workers covered by employer-sponsored health insurance have a high
deductible plan with a savings option, a five-fold increase in seven
years.3
- Basketball is projected to send the most New Englanders (53,000
out of 1,330,000 participants)4 to the emergency room this
year, at an average per player medical cost of $3,764.5
- Soccer is projected to send the second highest number of New
Englanders (25,000 out of 900,000 participants)6 to the
emergency room, at an average per player medical cost of $4,284.7
- Football is projected to sendthe third highest number
of New Englanders (22,000 out of 260,000 participants)8 to
the emergency room this year, at an average per player medical cost of
$4,494.9
-
Football has the highest injury rate (8.5%). This means the
sport generates a fairly high number of injuries, despite a relatively
low participation level compared to the other six team sports.10
-
A household has a fifty percent chance of experiencing an
emergency room injury within five years if just a single family member
plays football, ice hockey and soccereach year.11
-
A household has a fifty percent chance of experiencing an
emergency room injury within three years if family members play
a total of seven team sports each year.12
-
Two popular New England winter sports trigger the costliest average ER
visits of thirteen popular team sports and recreational activities:
downhill skiing ($6,962), followed by ice hockey ($4,562).13
“A lot of New Englanders end up in the emergency room each year due to
sports injuries,” said Derek Warner, Sun Life’s New England Group Market
Manager. “Medical treatment can easily run into the thousands of
dollars, meaning a family with high deductible health insurance could be
out $4,000 or more14 in aggregate deductibles before their
insurance kicks in, and single high deductible coverage averages
approximately $2,000.15”
Sun Life offers two Group Voluntary Accident Insurance plans, including
a Preferred Plan, which offers a robust benefits schedule geared to
employees with active lifestyles and families with athletes who play
sports with higher rates of injury, and an Essential Plan, which offers
a straightforward plan design and streamlined benefits schedule geared
to younger workers and employees with low savings.
“As more workers adopt high deductible health insurance, we want people
to understand how to protect themselves and their families against the
financial risks of an injury, whether due to recreation or a random
accident,” said Tyler Thims, Sun Life’s New England Voluntary Benefits
Practice Leader.
For more information, see Sun
Life Financial’s New England Sports Injury Highlights.
About Sun Life Accident Insurance
Accident insurance is a limited benefit coverage. It provides accident
coverage only. It does not provide basic hospital, basic medical, or
major medical insurance. The certificate has limitations and exclusions
that may affect any benefits payable. Benefits payable are subject to
all terms and obligations of the certificate. Sun Life's Accident
Insurance product is not available in all states. Benefits sales
professionals should call their Sun Life group representative for more
information.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Sun Life Financial and its partners today have operations in
key markets worldwide, including Canada, the United States, the United
Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India,
China, Malaysia, Vietnam and Bermuda. In the United States and
elsewhere, insurance products are offered by members of the Sun Life
Financial group that are insurance companies. Sun Life Financial Inc.,
the holding company for the Sun Life Financial group of companies, is a
public company. It is not an insurance company and does not offer
insurance products for sale in the United States or elsewhere, and does
not guarantee the obligations of its insurance company subsidiaries. In
the United States, Sun Life Financial provides a range of products and
services to employers and their employees, including Group and Voluntary
Life, Disability, Dental, and Stop-Loss insurance products. Product
offerings may not be available in all states and may vary depending on
state laws and regulations. Sun Life Financial Inc. trades on the
Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges
under the ticker symbol SLF. For more information, please visit www.sunlife.com/us.
SLPC 25553 03/14 (exp. 03/19)
ENDNOTES
New England Emergency Room (ER) Visit
Projections
1 Sun Life Financial. Injury levels were derived from
correlating sports participation levels to injury rates. Sources: (a)
Sports participation: National Sporting Goods Association (NSGA) report,
“Sports Participation, State-by-State, Year-2012” (ages 7 and older),
except for hockey, from: United States of Hockey, year 2012–13: http://unitedstatesofhockey.com/2013/09/13/hockeys-growth-in-the-united-states-2003-2013/);
(b) Injury Rates: Safe Kids Worldwide, analysis of Consumer Product
Safety Commission’s National Electronic Injury Surveillance System
(NEISS), ages 12–17 2011 injury rates, based on emergency room visits
per 100 athletes. The total number of estimated New England emergency
room injuries for seven team sports in 2012 is 142,749. The total
projected 2014 New England sports injury figure represents a
conservative approximation, since it omits: (a) injuries from many
activities, including lacrosse, wrestling, skiing, skateboarding, and
cheerleading, and (b) the small number of injuries that sent athletes
directly to hospitals or to urgent care centers without going through an
emergency room. These factors help counterbalance potential 2012 to 2014
declines in sports participation.
New England ER Visits for Athletes Under Age 22
2 National Sporting Goods Association. Estimates that 50% of
the projected emergency room sports injuries are experienced by youth
age 22 and under compared to all athletes age 7 and older was estimated
based on the proportion of participation by youth under age 18 versus
under age 25: On a weighted average basis, the proportion of
participants under age 18 in baseball, basketball, soccer, softball, and
volleyball comprised 42% of all participation in 2012, according to the
National Sporting Goods Association. The proportion of participants
under age 25 comprised 57% of all participation.
Rising Popularity of High Deductible
Employer-Sponsored Health Insurance
3 According to Kaiser
Family Foundation’s 2013 Employer Health Benefits Survey (http://kaiserfamilyfoundation.files.wordpress.com/2013/08/8466-employer-health-benefits-2013_summary-of-findings2.pdf).
New England Emergency Room (ER) Visit
Projections
4 See footnote 1.
Paid Medical Costs
5 Sun Life Financial. For athletes ages 65 and younger.
Represents total medical charges paid by medical insurance, the athlete,
or by the athlete’s parent or guardian. Based on Consumer Product Safety
Commission (CPSC) data on: (a) ages 65 and younger emergency department
and hospital admissions (2012), (b) 2008 medical costs, adjusted to 2012
based on medical cost inflation data from Economic Report of the
President, 2013. Note: Health insurance may cover some or all accident
medical costs, though in many cases, the insured must first pay a
deductible.
New England Emergency Room (ER) Visit
Projections
6 See footnote 1.
Paid Medical Costs
7 See footnote 5.
New England Emergency Room (ER) Visit
Projections
8 See footnote 1.
Paid Medical Costs
9 See footnote 5.
Injury Rates by State
10 Safe Kids Worldwide, “Game Changers.” Analysis of Consumer
Product Safety Commission’s (CPSC) National Electronic Injury
Surveillance System (NEISS), ages 12–17 2011 injury rates, based on
emergency room visits per 100 athletes. Sun Life assumed injury rates by
sport were constant in each U.S. state.
Injury Risk: Playing Multiple Sports
11 Sun Life Financial. Each injury rate per year was
extrapolated over multiple years and multiple sports, assuming each year
and sport was independent of all others. For example, it was not assumed
that either (a) having an injury in a sport, or (b) not having an injury
over a period of time created a greater (or lesser) chance of future
injury. Projections estimate the risk of at least one injury occurring
and do not assess the risk of experiencing more than one injury.
12 The seven team sports are: football, baseball, softball,
basketball, volleyball, ice hockey and soccer. For more information, see
footnote 11.
Paid Medical Costs
13 See footnote 5.
High Deductible Health Insurance Costs
14 Employer-sponsored health insurance with a deductible
averages $1,135 for single coverage, with aggregate deductibles for
family coverage averaging approximately $2,000. Deductibles for high
deductible employer health insurance, average approximately $2,000 for
individuals and $4,000 for families with aggregate deductibles. http://kaiserfamilyfoundation.files.wordpress.com/2013/08/8465-employer-health-benefits-20131.pdf.
15 See footnote 14.
Contacts:
Sun Life Financial
Tim Stone, 781-366-5376
tim.stone@sunlife.com
or
elevate
communications
Keith Gainsboro, 617-895-7905
kgainsboro@elevatecom.com
Source: Sun Life Financial Inc.
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