| Maternity leave pay for self-employed women sounds | | | | only sell short term disability insurance with pregnancy |
| like an oxymoron. How can a self employed person | | | | benefits through groups. And that sums up the |
| pay themselves for not working during maternity | | | | self-employed woman's dilemma: she does not qualify |
| leave? Short term disability insurance can be used to | | | | because she is not part of a group. She is a one |
| create maternity leave income for self employed | | | | person act. |
| women planning a pregnancy. But you have to know | | | | Or so she thinks. |
| when to start coverage, where to find the right policy, | | | | Where to Find the Right Policy |
| and secret tip in order to get coverage. | | | | A self-employed woman can obtain disability insurance |
| Short Term Disability Insurance pays a benefit for your | | | | sold only to groups by leveraging her affiliation with a |
| normal labor and delivery. The benefit you receive | | | | larger entity. A significant portion of self-employed |
| may greatly exceed the premium you pay, helping you | | | | women are therapists: physical therapists, occupational |
| to create maternity leave income. In addition, your | | | | therapists, speech therapists, etc. Many therapists |
| policy may pay additional benefits in case of | | | | work as independent contractors, or 1099 employees. |
| pregnancy complications, postpartum disorders, | | | | They are paid by an agency, or other entity based |
| accidents, and illnesses. Buying short term disability | | | | upon the number of patients they treat, and the hour |
| insurance is one of the smartest moves any woman | | | | billed the patient. |
| can make before getting pregnant. | | | | The Secret Tip |
| Start Before Getting Pregnant | | | | Certain insurers will sell short term disability policies with |
| Your short term disability policy needs to begin before | | | | pregnancy and maternity leave benefits to 1099 |
| getting pregnant in order to qualify for the maternity | | | | workers. If the agency agrees to take withhold money |
| leave benefit. Most policies contain nine month | | | | from contractor checks, and make the benefit |
| exclusion for normal delivery. Start your policy several | | | | available to all W2 and 1099 employees, then the |
| months before conception. That way if you deliver | | | | insurer will be happy to issue policies to all qualified self |
| early, your normal delivery will fall comfortably outside | | | | employed workers. |
| the exclusion period. Your benefit will still greatly | | | | Now self employed women who are planning a |
| exceed your premium paid. Why jeopardize a sure | | | | pregnancy can purchase short term disability insurance |
| thing? | | | | before getting pregnant, get coverage for pregnancy |
| You have to buy a short term disability policy with | | | | and maternity leave, and enjoy her time bonding with |
| maternity coverage, and this is the quandary faced by | | | | her baby, without worrying about how to pay her bills. |
| most self employed women. Short term disability | | | | Plus, she gets extra protection in case of |
| programs sold direct to individuals do not provide the | | | | complications, accidents and illnesses. All she has to do |
| normal maternity leave benefit described above. | | | | is ask her agency to take the money from her check, |
| Insurers realize that women planning a pregnancy will | | | | and send it to the insurer. |
| be eager to buy such policies, and will self select, | | | | If only she knew which carrier to call, and how to get |
| making for an unprofitable enterprise. So insurers | | | | her agency on board. |