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Disability Products

Give your employees peace of mind against sickness or disability.

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Even with careful planning and saving, most people count on a steady paycheck to cover their monthly expenses. Employers who take steps to offer the right disability insurance program may see an increase in employee productivity and happiness, as their workers are able to stay at work or return to work more quickly after an accident or illness.

Blue Cross and Blue Shield of Louisiana partners with Equitable to give your employees peace of mind against illness or disability.

  • Click here to learn how the right disability insurance can make a difference for members and their families.
  • Click here for more information about Equitable’s disability products.

Short-term Disability (STD)

  • Groups selecting life coverage can also get short-term disability coverage.
  • Disability benefits ensures your employees have access to cost-effective protection of their income in the event of a covered injury or sickness causing time away from the job or permanent disability.
  • Employers may choose employer-funded or voluntary options.

Long-term Disability Insurance (LTD)

  • Group LTD is available to groups with as few as two eligible employees and is a cost-effective way to help protect your employees' income in the event of a disabling injury or sickness.
  • Employers may choose employer-funded or voluntary options.

Impact of Disability on the Workforce

  • 70% of working Americans would have financial difficulties within a month of losing their steady paycheck.1
  • Over 1 in 4 of today’s 20 year-olds will become disabled before they retire.2
  • In 2019, the overall prevalence of working-age people (ages 21 to 64) with a disability in the United States was 10.7 percent.3
  • Approximately 95% of disabling accidents and illnesses are not work-related, so workers' compensation doesn't cover them.4

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.

  • Source 1: “What Do You Know About Disability Insurance” survey, Life Happens, 2018, Equitable.
  • Source 2: Council for Disability Awareness
  • Source 3: Integrated Benefits Institute, Health and Productivity Benchmarking 2016 (released November 2017), Short-Term Disability, All Employers. Condition-specific results.
  • Source 4: Integrated Benefits Institute, Health and Productivity Benchmarking 2016 (released November 2017), Short-Term Disability, All Employers. Condition-specific results.

How Are Benefits Taxed?

Who Pays the Premium? Premium Taxable? Benefit Taxable?
Non-Contributory
Employer pays 100%
No Yes
Contributory
Employer pays 50%
Employee pays 50%
50% 50%
Voluntary
Employee pays 100%
Yes No

 

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.

These products only provide disability income insurance. THESE POLICIES ARE NOT MEDICARE SUPPLEMENT PLANS. They do NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. The policies have limitations and exclusions. Optional riders and/or features may incur additional costs. Plan documents are the final arbiter of coverage. Please read your certificate carefully for details regarding your benefits, reductions, limitations, and exclusions. Policy form/contract AXEBP15DI; MOEBP15DI and state variations.

Disability administered by Equitable, an independent company. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY); Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with main administrative headquarters in Jersey City, NJ; and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN). Group disability insurance products are issued either by Equitable Financial or Equitable America, which have sole responsibility for their respective insurance and are backed solely by their claims-paying obligations. Some products are not available in all states.