Disability Products

Even with careful planning and saving, most people count on a steady paycheck to cover their monthly expenses. Employers who take steps to offer the right disability insurance program may see an increase in employee productivity and happiness, as their workers are able to stay at work or return to work more quickly after an accident or illness.

Blue Cross and Blue Shield of Louisiana (Louisiana Blue) partners with BCBS Financial to give your clients and their employees peace of mind against illness or disability in the workforce.

• Click here to learn about ancillary products for groups.
• Click here to learn about LABI (Louisiana Association of Business and Industry) products for groups

• Groups selecting life coverage can also get short-term disability coverage.
• Disability benefits ensure employees have access to cost-effective protection of their income in the event of a covered injury or sickness causing time away from the job or permanent disability.
• Employers may choose employer-funded or voluntary options.

• Group LTD is available to groups with as few as two eligible employees and is a cost-effective way for your group customers to help protect their employees' income in the event of a disabling injury or sickness.
• Employers may choose employer-funded or voluntary options.

• Sixty-three percent of working Americans couldn’t make it 6 months before financial difficulties would set in—and 14% said they would have problems immediately¹.
• More than 1 in 4 (28.7%) adults in the United States have some type of disability².
• During 2016–2020, 14.8% of currently employed U.S. adults aged 18–64 years from 35 states and Guam reported having a disability³.
  
• In 2022, 2,804,200 disabling accidents and illnesses are not work-related, so workers' compensation doesn't cover them⁴.

These are alarming statistics. It just goes to show how important protection against lost income can be to a workforce. Unfortunately, many people have not planned for the financial burden they will face if they should become disabled and unable to work for an extended period of time.

• Source 1: Life Happens
• Source 2: Centers for Disease Control and Prevention
• Source 3: U.S. Centers for Disease Control and Prevention
• Source 4: U.S. Bureau of Labor Statistics

The above illustration assumes disability insurance premiums are not deducted on a pre-tax basis in an employer-sponsored cafeteria plan.

Louisiana Blue is not engaged in rendering tax, legal or investment advice. We recommend you seek the guidance of a tax professional or financial advisor.

BCS EssentialCare is a brand name for products issued by BCS Financial. 4 Ever Life Insurance is a subsidiary of BCS Financial Corporation. BCS EssentialCare hospital indemnity, critical illness and accidental injury insurance policies are underwritten by BCS Insurance Company, Worthington, OH (Administrative Offices: Oakbrook Terrace, IL) under policy form series 25.1214, 27.202, 23.200, and 25.1225. BCS EssentialCare term life and disability policies are underwritten by 4 Ever Life Insurance Company, Oakbrook Terrace, IL under policy form series ICC25-62.215 and ICC25-62.225. Employees must be actively at work to be eligible for EssentialCare policies. Some states may have minimum coverage requirements or other regulations affecting the benefits offered under EssentialCare policies. See policy documents for a complete description of benefits, exclusions, limitations, and conditions of coverage. Features and availability may vary by location and are subject to change. ESSENTIALCARE PRODUCTS ARE LIMITED BENEFIT POLICIES — READ YOUR POLICY CAREFULLY. THESE POLICIES ARE NOT MAJOR MEDICAL INSURANCE AND ARE NOT INTENDED TO BE A SUBSTITUTE FOR MAJOR MEDICAL COVERAGE.