Short term disability insurance seems complicated, but this article is going to help simplify it as best as possible. Think of this type of insurance as one that wears multiple hats. This means that it has several points of coverage. Take into consideration what you are going to need and see if this type of coverage is the right one for you. It helps to make sure that you can still receive money when you cannot work for spans of time.
Pregnancy Problems Coverages
If you or your loved one is pregnant or has just had a child, there are issues that could come about that must be covered by some sort of insurance. If there is coverage, then the mother and the child (or children) will be taken care of as best as possible. This is especially the case with high risk pregnancies. There simply needs to be an option. That is when short term disability insurance comes in to play for you.
This type of disability coverage is helpful through the entire pregnancy, childbirth, and maternity leave. These steps are obviously the planned course of action. This coverage also makes sure that anything that happens as a surprise is covered, as well.
There are postpartum issues that could occur. These disorders could be physical such as hemorraghing or some rare condition that comes about during childbirth. It could also be a mental condition. There are many mothers out there that have experienced "baby blues", which is really widely known as postpartum depression. Mothers deal with this experience differently person to person. Depending on how extreme these situations are, the doctors are going to make the mother stay on maternity leave for longer. This means that the loss of income is going to remain an issue for even longer without this type of insurance. With the insurance, this is not an issue at all. There will be "replaced income", which makes sure that the bills are dealt with.
Healthy Pregnancy Coverage
This coverage is an absolute must for mothers that are planning on having children. Short term disability insurance provides six weeks in maternity leave benefits for what is considered to be a "natural birth". They offer eight weeks of benefits for C-sections, which can be much harder on the body in different ways. As mentioned above, when a pregnant cannot work their income doesn't exist. Having this type of coverage will make sure that there is paid maternity leave during an already overwhelming time of your life. There are complications that may occur during the time of pregnancy that call for bed rest and the inability to work. That is also covered under this type of insurance.
Illnesses and Injuries Can Be Covered, Too
There are many serious illnesses that are covered under this type of disability insurance. These illnesses can happen to anyone at any time and they will end up having to deal with not being able to work. There is no reason to have no back up when suffering from illnesses such as cancer, influenza, pneumonia, and other conditions that could leave a person out of work. Injuries are also under this, as certain ones could prevent the insured from being able to work. Whether it is a broken wrist or a broken back, they are going to need to be covered for the time that they are not able to work.
The Logistics of this Insurance
Short term disability insurance only covers a certain percentage of how much you earn. This can range from forty percent to sixty five percent of coverage. While it is not going to give you the full amount of money you will lose out on, the percentage will still help out a great deal to make sure that you are not forced to live on nothing. The money usually takes up to two weeks tops for it to start coming in. There is a limit to how long people are allowed to receive these benefits. That limit is up to 2 years for illnesses that last a little longer than expected.
Where to get This Coverage
The most common way to acquire this coverage is through one's job. You will be able to pay into the coverage every month, as they take a percentage of your earnings to do so. This is highly recommended, as it is the most simplistic. It can also be considered "accident coverage". Paying into this while you are healthy and working will make sure that you have the ability to protect yourself from complete income loss during planned and unplanned situations that may occur. This is especially helpful during this time due to the economy. If you do not have savings to help make sure your bills are paid, this type of insurance will benefit you a great deal.