Disability Income Insurance

If an employee becomes disabled and unable to work, they would receive a monetary benefit that could be used to help pay bills and maintain their standard of living

Advantages & Considerations

  • Employer-paid premiums are a deductible business expense so long as costs are deemed an ordinary and necessary trade or business expense
  • Amounts received as disability pay under an insurance policy that is part of the employer's accident or health plan for employees are includible in the gross income of the employee to the extent such amounts were attributable to contributions by the employer that were not includable in the gross income of the employee

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