Insurance and Disability Benefits: Federal
Author: Leah Shepherd
- Employers may provide life insurance benefits as income protection for survivors in the event of an employee's death. See Life Insurance Benefits.
- Group-term life insurance in excess of $50,000 is taxed as imputed income. See Excess Group-Term Life Insurance.
- Employees may be able to purchase additional life insurance. See Supplemental Life Insurance.
- Employees may be able to purchase insurance for a spouse and/or dependent children. See Dependent Life Insurance.
- Accidental Death and Dismemberment (AD&D) insurance covers death by accidental means and accidental dismemberment. See Accidental Death and Dismemberment Insurance.
- Business travel and accident insurance provides benefits to employees who die or become seriously injured while traveling on company business. See Business Travel and Accident Insurance.
- Short-term and long-term disability benefits provide income protection in the event of a non-work-related illness or injury. See Disability Benefits.
- Short-term disability benefits are usually provided for a period of up to six months. See Short-Term Disability.
- Long-term disability benefits may be offered when short-term disability benefits expire. See Long-Term Disability.
The following states have additional requirements for this topic under applicable state law.
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- South Carolina
- South Dakota
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- District of Columbia
- West Virginia
- Rhode Island