If you’re considering providing long-term disability insurance coverage for your employees, we’re here to help. We’ve shared answers to some of the most common questions small business owners have about long-term disability insurance coverage below. For more information, read our Disability Insurance Guide for Small Business Owners.
Many voluntary short-term disabilities (VSTD) claims end with the employees being able to go back to work. Some, however, will turn into long-term disability claims. Employers who also have voluntary long-term disability (VLTD) coverage benefit from having the same team manage both VSTD and VLTD claims. This means that no time is lost in the move from a VSTD to a VLTD claim, and the team’s purpose is to bring the claimant back to gainful employment, whenever possible.
Life and disability insurance products issued by Dearborn Life Insurance Company, 701 E 22nd St. Suite 300, Lombard, IL 60148. Blue Cross and Blue Shield of Texas is the trade name of Dearborn Life Insurance Company, an independent licensee of the Blue Cross and Blue Shield Association. BLUE CROSS®, BLUE SHIELD® and the Cross and Shield Symbols are registered service marks of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.
For additional information please contact your Group Administrator or call 800-721-7987.
No, you are not required to offer LTD plan options to your small business employees in Texas.
Please contact your Group Administrator or call 800-721-7987.
Consult a tax expert. (LTD may be treated as income.) For more general, read our article on the impacts of health insurance on small business tax deductions.
