Page 64 - 2020 Peel & Holland Benchmarking Survey Results

LONG-TERM DISABILITY

LTD Insurance: Premiums

Type Percent Count

100%
Employer
70% of American employees live from paycheck to paycheck,
51%
20
Paid
without enough savings to cushion the financial impact a
disability may cause. 100%
Employee
American Payroll Association, 2018 “Getting Paid in America” Survey
Paid 41% 16
Contribut
3
8%
Do you offer eligible employees ory Long-Term Disability: Premiums
the option to participate in a
Do you offer eligible employees the option to participate in a Long-Term Disability plan?
Yes 76% 39 100%
long-term disability plan? 8%
24%
No
12
Contributory
(ER/EE Split)
80%
76%
Yes 41%
100% Employee Paid
60%
40%
51%
20% 100% Employer Paid
24%
No
0%

62 PEEL & HOLLAND | 2020 Western Kentucky Employee Benefits Benchmarking Survey Results