Short Term Disability Insurance in NY
New York Short Term Disability: Extra NYS Maternity Benefits
New York short term disability insurance fills an important hole in NYS maternity leave pay. Replace a greater portion of your income in the event you are unable to work after a healthy pregnancy and childbirth, but also in case of complications, postpartum problems, or an illness or injury.
NY Short Term Disability: Pregnancy, Maternity Leave
New York short term disability insurance for pregnancy is a crucial program for any women concerned about her income while on maternity leave. It supplements the NYS program for private workers. If $170 per week before taxes is not enough to cover your bills, consider purchasing a supplemental policy to increase your level of compensation, and safeguard your family finances in the process.
One hundred percent of normal pregnancies require mom to miss at least six weeks of work. The NYS mandated program may make payments for up to 12 weeks, but at $170 per week many women simply can’t afford to take that much time.
Twenty five percent of pregnancies will experience one of more complications, so chances are quite high that that you might need to stop working much earlier than planned: perhaps months ahead of schedule. At this point, $170 per week seems even smaller and less adequate.
Ten percent of women will experience postpartum disorders may delay your return to work. Postpartum depression is a common malady that causes absence from work and lost productivity. If your child is born preterm or has a serious medical condition you may have to stay at home to provide care. Parental leave laws provide for only 12 weeks of unpaid job protection. Many women lose their jobs after giving birth.
Buy short term disability for maternity before getting pregnant. Your policy may cover you in case complications cause a disruption in income prior to delivery. Your policy can also produce additional maternity leave income. The contract provides for a cash payment directly to you for up to sixty percent of your gross income for a normal pregnancy. Postpartum disorders that are biologically based may also be covered.
Spend more time caring for your infant without the financial worry.
How Short Term Disability for Pregnancy Works - Many residents don’t know all the details about how NY short term disability insurance works during your pregnancy, and while on your maternity leave. Learn how to protect your income when you are likely to need it the most. Then get a policy.
Calculate Extra Maternity Pay Amounts - See how a supplemental policy calculates the amount of extra maternity pay benefits you might receive upon delivery. There is a six week payment for vaginal delivery and an eight week payment for c-section birth – but how does the math all work out? Find the answers.
Increase Maternity Pay: Get A Supplemental Policy - Increase your NYS maternity leave pay by purchasing voluntary short term disability insurance in NY before getting pregnant. Why settle for $170 per week from the mandated program, when you may qualify for far more coverage?
Short Term Disability in NYC
Short term disability in New York City (NYC) probably bests illustrates the need for supplemental coverage.
Workers in NYC face the country’s highest cost of living. It costs more to live, commute, eat, and work. Almost everything cost far more in the big apple. Costs of compensating workers are much higher as well; which means that incomes swell in tandem. $170 per week is a very small amount no matter where you live or work. In NYC the amount seems even smaller.
Commuters who work in NYC and cross the Hudson River are often in for a rude awakening. They work in NYC, but live across the river where a temporary disability insurance entitlement pays up to $570 per week. The better wages they earn by commuting come back to haunt many when they become unable to work.
Short Term Disability Rates and Quotes - $170 per week from NYS disability insurance is a pittance. Don’t settle for such a small amount of income while not working. Find out what a policy might cost every month, and compare those figures to the payments that be paid in return for normal delivery, bed rest, etc.
NYS Short Term Disability
NYS short term disability is mandated coverage which is woefully lacking. Benefits are payable for off the job accidents and illnesses only. Pregnancy is a covered condition a few weeks before and after childbirth. NY State Disability Insurance does not provide much help, only $170 per week. But if you are not working due to a covered condition, it sure can’t hurt.
New York Maternity Leave Laws
New York shares a border with two commonwealths that have separate maternity leave regulations. Since these laws apply based upon where you work, rather than where you live, people who commute into or out of NY may be impacted.
There are three separate NJ laws. Commuters who cross the Hudson River to work in NYC lose these rights: a far lower level of income replacement, no paid family leave, and a loss of extended job protections. The CT law only applies to people who work there. Residents who commute on the Metro North Train into NYC lose these valuable job protections.
New York maternity leave laws consist exclusively of federal regulations designed to protect certain classes of workers. The federal laws that may protect your rights and provide unpaid job protections include: Are you pregnant without insurance? - NYS short term disability replaces up to 50% of your income, up to a cap of $170 per week – before taxes. Benefits last for up to six months. Not all residents are automatically covered. This may be your only insurance to cover your pregnancy. Find other options to pay for prenatal care, delivery, etc.
New York Disability Insurance Laws
New York short term disability insurance laws have unique requirements for companies doing business inside its borders. The Department of Insurance has some of the strictest regulations. Insurers commonly introduce new insurance options all across the country long before getting approval here.
The most obvious difference is the insurance company that will underwrite your policy. Regulations require that any company issuing health insurance policies to residents must be headquartered in New York. Many carriers have home offices outside of New York, and they either set up a subsidiary company, or partner with an established carrier in order to conduct business in a compliant manner.
Another unique requirement pertains to your becoming disabled during a period of unemployment. Your policy may be required to pay benefits if you are under the care of a doctor, kept at home, and unable to perform two or more activities of daily living. An activity of daily living is defined as:
If you are looking for supplemental coverage to increase your level of income replacement, you are in the right place. We have a local office of agents who can complete your application online, or visit your home or office. The majority of agents are located in the NYC metropolitan area: Brooklyn, Bronx, Long Island, Manhattan, Staten Island, Queens, and Westchester.
In addition we maintain a network of agents in the upstate regions as well, including: Albany, Binghamton, Buffalo, Ithaca, Jamestown, Long Beach, Mount Vernon, New Rochelle, Niagara Falls, North Tonawanda, Poughkeepsie, Rochester, Rome, Schenectady, Syracuse, Troy, Utica, White Plains, and Yonkers.
Sources: NY Dept of Labor