Originally Posted by
WHACKMASTER
Thanks. I have but it still leaves me questioning whether VLOL benefits would be taxed or if they come post tax.
Which leaves me wondering the same thing about the $1364/week STD payments in months 2-6.
The short answer is that if the company pays the premium, or the premium is paid with pre-tax withholding, then the payments are taxable.
If you pay the insurance premium with after-tax $, then the benefits are tax exempt.
A lot of pilots think it is "better" if the company pays for LOL insurance, but personally I would rather make (i.e. negotiate for) a few extra $$ and pay for it myself so the benefits are tax-free.