Buy Short Term Disability Preconception
Buying short term disability insurance, means buying coverage at the right time. Buying coverage too early translates into less maternity leave pay: your higher costs eat into your fixed benefit for normal delivery. Buy coverage too late and your pregnancy will not be covered.
Buy your policy at the ideal time and protect your family finances in three ways:
- Ensure coverage; pregnancy is a pre-existing condition
- Maximize your maternity pay
- Avoid pre-term delivery complications
Buy short term disability insurance at the ideal time: about three months before you conceive. Buying short term disability coverage at this time protects you in three ways:
- Pregnancy is a pre-existing condition: If you are already pregnant your existing pregnancy will not be covered. There are a variety of government programs and state short term disability that helps if you are pregnant without insurance.
- Preserve maternity leave pay: Your benefit for normal delivery may greatly exceed the premium you pay; depending upon the number of months before you deliver.
- Avoid pre-term delivery complications: 12% of babies are born premature. Your policy will contain a nine month exclusion for normal delivery. By buying short term disability insurance three months before you conceive you minimize the chances of delivering inside the exclusion period.
Scan through the chart below for a graphical perspective.
Buying Short Term Disability Insurance at the Ideal Time
Buy short term disability insurance at the ideal time: about three months before you conceive. This allows you to create maternity leave pay while also protecting your family in case of pregnancy complications, postpartum disorders, accidents and illnesses.
|
Conceive Before Policy Effective Date |
Conceive After Policy Effective Date Deliver Inside 9 Month Birth Exclusion |
Conceive After Policy Effective Date Deliver Outside 9 Month Birth Exclusion |
|
| Maternity Leave Pay | Not Covered | Not Covered | Covered |
| Pregnancy Complications | Not Covered | May be Covered | Covered |
| Delivery Complications | Not Covered | May be Covered | Covered |
| Accidents & Illnesses | Covered | Covered | Covered |
