Workers compensation claimants younger than 60 have higher medical claim costs for medical payments made 20 and 30 years after their initial injury compared with claimants who are age 60 or older, the National Council on Compensation Insurance Inc. said Monday in a report.
The average late-term medical cost for claimants born between 1951 and 1970 was $10,700, according to “The Impact of Claimant Age on Late-Term Medical Costs,” 64% higher than the average annual late-term medical cost of $6,500 for claimants born between 1920 and 1950.