Although the voluntary benefit sector is one of the fastest-growing in America, many employees still don’t have a plan to protect their income if they become unable to work for an extended period of time. When those considerations extend beyond the short term to something that could create a permanently disabling condition, employees not only require income protection, but also a roadmap to return to work. Finding ways to provide both remains among the most significant demands of employer long-term disability plans.
Most Americans are living paycheck to paycheck, yet employers continue to seek ways to defer costs, and employees are asked to shoulder a greater share of their benefit costs. In part, that explains why only 30% of the workforce is covered by some benefit, despite the demonstrable need to protect their income in such a climate.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access