Group Long Term Disability

Group Long Term Disability Insurance


Group Long Term Disability Insurance Harman Stone

Group Long-Term Disability Insurance benefits begin either where Group Short-Term Disability Insurance benefits end - and/or generally after 6 months of disability.  Once Group Short-Term Insurance benefits end - usually after 3 to 6 months - Group Long-Term Disability Insurance pays a percentage of your salary, usually between 50% to 66 2/3% - depending on the plan.  The benefits last until you can go back to work or for the number of years stated in the policy - often until age 65.

If the an employee pays their own Group Long-Term Disability Insurance premiums "after-tax," the actual disability benefits will be tax-free.  However, if the employee pays the premiums for the Group Long-Term Disability Insurance with "pre-tax" dollars, then they will have to pay income taxes on benefits in the event of a claim.


More and more disability insurers work with employers to help employees return to work as quickly and safely as possible through spome kind of Disability Management program.  Often this is done in coordination with Group Long-Term Disability Insurance, Group Short-Term Disability Insurance, and Workers' Compensation Insurance plans.  While disability insurers want to see people healthy and rehabilitated, they also save money if a claimant quickly returns to work.

Employee Benefits for Small and Medium Sized Businesses

Employee Benefits
Employee Benefits
For most of history, employees did not receive any type of “employee benefits.”  They simply received their direct wages for time actually worked.  Beginning in the 1940’s, this changed.During World War II and the years immediately following – due in large part to price and wage controls, employers in the United States began ...
Read more

Group Health Insurance for Small & Mid Sized Businesses

Group Health Insurance
Group Health Insurance
Group Health Insurance Group health insurance is a policy that is purchased by an employer and coverage under it is offered to eligible employees and their families.  This is not only an employee benefit the employee receives for working for that company, but it is the most popular and many would argue the most important of any employee ...
Read more

Workers' Compensation Insurance for Small and Medium Sized Businesses

Workers' Compensation Insurance
Workers' Compensation Insurance
Workers' Compensation Insurance is a form of insurance providing compensation and medical treatment to employees injured during employment in exchange for the relinquishment of the employee's right to sue his or her employer for the tort of negligence. This trade-off is known as "the compensation bargain." The compensation bargain solved the ...
Read more