Adding Group Disability Insurance to Your Employee Benefits Package
Having Group Disability insurance as part of your benefits package provides several advantages, including serving as an excellent recruitment and retention tool to attract and keep quality employees. With a Group plan you have the opportunity to leverage design flexibility to fit your company’s budget while working for your employees. Premiums can be paid by you, your employees or a combination of the two, using pre-tax or after-tax dollars. In addition, you can take pre-tax company-paid premiums as a business tax deduction. Many times a Group policy enables employees to obtain this valuable coverage when they’re unable to on their own due to their medical history or financial constraints.
At Capacity Benefits & Financial Services Group, we offer both Group Short Term Disability and Long Term Disability to our clients. Both are designed to provide your employees with a safety net, protecting their most valuable asset: the ability to earn an income should they become ill or injured and are unable to work. An employee’s savings might not be enough if an illness or injury keeps them out of work beyond their paid sick days.