Historically, nonoperative treatment was advised, and reports published in the 1940s and 1950s show that pain will subside and most function will return. However, torque strength-- the ability to turn wrenches and screw drivers etc-- will be diminished. Because newer techniques allow rattachment of a ruptured biceps, surgery is much more common nowadays.
Though a 2 incision technique has been most popular for a number of years, the newest twist on this surgery has involved a single incision. This has the advantages of fewer complications such as nerve injury or stiffness.
I currently use a single 3-4 cm incision and reattach the biceps tendon using a small metal "endobutton". This technique allows early motion after 10 days, although strengthening is deferred for 8 weeks. After surgery, which lasts 30 minutes, and can be performed under regional anesthesia, the arm is kept in a splint without motion of the elbow for 10 days. At this time I allow motion, with intermittent use of a brace for comfort. Return to normal activity, including lifting, is allowed at 3-4 months.