Disability Insurance For Maternity Leave - Finding the Right Coverage

Short term disability insurance is the best way tomaternity leave coverage. They quickly find that it is
create maternity leave pay, and to also protect yourlike looking for a needle in a haystack.
income in case of complications, accidents, andWhy is Individual Pregnancy and Maternity Coverage
illnesses. If your employer provides paid maternityHard to Find?
benefits, funds group short term disability, or makes aWhy is it so hard to find individual short term disability
voluntary option available at work, consider yourselfwith pregnancy and maternity leave benefits?
very lucky to have these options. Many workingConsider the math, and the answer becomes quite
women have none of these choices available via theirobvious. Short term disability insurance pays benefits
employer, so they begin looking for individual coveragefor your normal labor and delivery - a planned event
that provides pregnancy and maternity coverage.for many couples. The benefit paid for a c-section
Such an animal does exist. But you have to knowdelivery might be four times what a woman might pay
exactly where to look, and then ask a simple questionin premium annually. Plus the insurer is also on the hook
in a specific way to get the coverage you want. It canfor additional benefit amounts should mom experience
be done, and has happened many times.complications before delivery, postpartum disorders
Some working women planning a pregnancy are luckythat extend her maternity leave, accidents, and
to work for employers who provide paid maternityillnesses. In other words, working women planning
leave benefits - but this is a small minority in the U.S. Apregnancies are a sure loss for insurers.
slightly larger group work for employers who fully fundInsurers won't sell individual disability policies with
a group short term disability program that providesmaternity benefits direct, because they would lose
income replacement during maternity leave after amoney on virtually every policy. But they do sell
normal labor and delivery. Another even larger groupindividual policies through groups on a voluntary basis, if
of women work for employers who made a voluntarythey have the opportunity to pool risks with
employee paid short term disability option available toco-workers. This means that women can get a
all employees. These women can enroll in thepregnancy and maternity policy they own themselves
programs before getting pregnant, and their benefit forthat is fully portable.
normal delivery will greatly exceed the premium paid,The Simple Question to Get Coverage
creating maternity leave pay while also providingWomen can get the pregnancy and maternity
income protection in case of complications, accidents,coverage they want if they can ask one simple two
and illnesses. If you fall into one of these categoriespart question: "Would you take money from my check
you are one of the lucky few.and send it to the insurance carrier, and do the same
Many women work at employers who offer none offor any other employees who might need short term
these options. So they seek out a direct individual shortdisability insurance?" The employer gets to look like a
term disability option that provides pregnancy andhero and it doesn't cost them a dime!