You should consult with a tax specialist, but generally employer paid disability insurance benefits are taxable.
The Total Cost to Company refers to an employee's salary package. It is the total cost a company or organization is spending for an employee and it includes salary and perks.
yes.
Disability income can be paid by a private insurance company that is licensed and authorized to issue disability income policies in the state of policy issuance. The policy can provide short-term or long-term benefits, depending upon its terms. It is designed to replace income lost due to a disabling sickness or accident specified in the policy. Often, short-term disability insurance is furnished as a benefit of employment by employers for eligible employees. In those cases, the employer may either have purchased a group short-term disability policy, or self-insure for the payment of short-term disability benefits. In general, if one purchases private disability coverage and him/herself pays the premiums for it, the benefits that are paid are not taxable.
generally nothing. Mileage is usually only paid when an employee uses their personal vehicle for company travel.
outsourcing
State disability payments typically are not affected by any private coverage you may have. Some private policies will "integrate" with other disability programs to make sure that you are not replacing too much of your income. Insurers don't want people making more money being disabled than working.
yes it is
No coverage
statue of limitations for filing suit against bad faith disability payments
Missouri does not mandate short term disability coverage. The choice is left up to the employer. Most employees pay for disability coverage 100% themselves via payroll deduction, so there is no direct cost to the employer to give employees this option.
No. The Employer must notify you.
Seems they can. Or at least think they can. I work for Contra Costa County and was just informed effective 4/1/2012 my husband and I can no longer have dual coverage. Since an employee's total compensation package is comprised of health and dental coverage, how is this discrimination against the employee who is married to another benefited county employee justified?
Insurance costs depend on several factors, such as location, size of company and number of employees and claims history. It also depends on the kind of coverage, limits, coverage form, endorsements, deductibles and the overall claims history of the chosen insurance company. Then, your employer can decide if he wants to pay all or part of your coverage or your family's coverage.
Microsoft ensures employee wellness by providing free healthcare coverage for you and your eligible family when you work for them and provide your services to the company.
ALL of the other sources of worldwide income that you may be receiving or could be receiving that is NOT for your DISABILITY. If you are receiving social security disability insurance payments for your disability then you are receiving A TYPE OF DISABILITY INCOME. Or some other company paid or privately paid premiums of DISABILITY INSURANCE PAYMENTS that you could be receiving for your disability. It is possible for some of the amounts of the above types of disability payment could also become taxable income to you on your 1040 federal income tax return.
Neither, This is generally addressed in the terms of your employment. Sometimes the company will provide the coverage while other times The employee will. However, Most often, when working in the employ of another the employer will carry the necessary coverage.
If you had an employee covered under a group policy (less than 5), do you have to provide Cobra insurance to the employee until they find other coverage if they leave the company?