Group disability plans vary in duration and extent of coverage so determining which policy is the most complimentary to your needs is essential. Group Health Solutions is proud to offer a variety of options to make your selection a comprehensive process. We will educate you the intricacies of choosing healthcare plans so that you're never left in the dark.
Short-term group benefits are typically payable for up to one or two years. In addition, the elimination period is generally a very finite amount of time such as two weeks to a month. Most often, the cost of group disability plans is taken on by the employer in a tax-deductible capacity while benefits remain eligible for taxation to the employee. There is also a payroll deduction option that fits well into the structure of many companies seeking our assistance. Under this type of plan, all benefits that are distributed are tax-free. However, this also means that employee contributions will not be eligible for tax deduction.
Numerous incentives exist for group disability plans, from both an employee and employer perspective. The first is securing the loyalty of your workforce, which can be crucial in a global marketplace where remaining competitive and attractive to employees is key. There is also the issue of improved work performance, which contributes to the bottom line. As an employee, the main advantage is gaining the peace of mind and fiscal security of knowing that you'll be cared for in the face of unforeseen events. Safeguard against uncertainty by contacting GHS today.