Short Term Disability
Short-term disability insurance is one of those things you tend to wish you bought before it was too late. Don’t let this happen to you. Short-term disability insurance may not seem like a big deal, but it really is.
What Is Short-Term Disability Insurance?
First things first. You need to know what short-term disability insurance is and how it works. Short-term disability insurance pays for a portion of your income if you become temporarily injured or ill and you’re unable to work, paying out anywhere between 40% and 70% of your salary.
But short-term disability is different from its long-term counterpart, so we’re talking days and months of coverage here, not years.
Short-Term Disability Insurance Outside of Your Employment
A lot of people think short-term disability insurance is only available through an employer. Nope, not the case. Short-term disability options are around nearly every corner. But if you’d like to get a look at all your best coverage options and prices from a producer who knows how to handle every turn, a First Underwriters Risk Specialists is the way to go.
If your employer does offer you a short-term disability policy, it’s likely that you will need more coverage. There are benefits that many employer-based programs don’t include that are more of a catchall. And since you want options and a protective plan that works for you, you’ll want to talk to an independent insurance agent to help fill in any gaps.
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What Does Short Term Disability Pay For?
Yes, that’s right folks, short-term disability will cover maternity leave or complications arising from pregnancy or birth.
These are non-work-related injuries that make you unable to perform your regular work duties.
This is when you have pain or injuries in the musculoskeletal region of your body. This is only for the short-term injury of the musculoskeletal system. The long-term disability would be covered under your long-term policy.
Some cancer and illnesses are short-term and can have you back at it within months . This can be covered under a short-term disability policy.