Best of all, these plans require no employer contributions, have very low participation requirements and are guaranteed issue for all your employees. Voluntary Long-Term Disability Long Term Disability Programs provide income after either three months or six months of disability. This benefit could continue through age 65 or normal Social Security retirement age. This provides the employee with the flexibility to purchase only the coverage they feel is appropriate for their situation. Medical Questions Employees who enroll during their open enrollment period do not have to answer any medical questions.
Coverage is issued on a guaranteed issue basis.
Tax Free Benefits Benefits are paid tax free to the insured. Even though premiums for long term disability can be included in a Section 125 plan it makes very little sense to do so. If the premiums are paid with pre-tax dollars then the benefit becomes taxable when paid. There are many plan design options available. Our most popular plans pay benefits through age 65.