Short-term Disability (STD)
Long-term Disability Insurance (LTD)
Impact of Disability on the Workforce
These are alarming statistics. It just goes to show how important protection against lost income can be to a workforce. Unfortunately, many people have not planned for the financial burden they will face if they should become disabled and unable to work for an extended period of time.
Helping Employees Stay at Work
Protecting Employers and Employees
Our disability coverage helps protect employees, which in turn protects the employer's company. For example:
How are Benefits Taxed?
|Who Pays the Premium?||Premium Taxable?||Benefit Taxable?|
Employer pays 100%
Employer pays 50%
Employee pays 50%
Employee pays 100%
The above illustration assumes disability insurance premiums are not deducted on a pre-tax basis in an employer-sponsored cafeteria plan.
Blue Cross and Blue Shield of Louisiana is not engaged in rendering tax, legal or investment advice. We recommend you seek the guidance of a tax professional or financial advisor.
1 Bureau of Labor Statistics, 2014 Census of Fatal Occupational Injuries (finalized April 2016)
2 Council for Disability Awareness, July 2013 Disability Statistics
4 Council for Disability Awareness, Long-Term Disability Claims Review, 2013