Paid Maternity Leave Benefits
Would you like to have a paid maternity leave? Short term disability can generate maternity leave income for a perfectly healthy pregnancy and normal delivery. Having income coming in while you recover from childbirth is a great way to better enjoy bonding with your baby.
Why hassle with all the financial pressures of paying your bills and wondering how quickly you must return to work to resume earning money. Buy coverage for a planned event, and enjoy the benefits of your smart purchase. Read below to find:
- Maternity benefit calculations: how to payments for normal delivery are determined
- Payment amounts by earnings: see how benefits vary by annual income
- How to get coverage: policies covering normal pregnancy are hard to find, but worth the added effort because the they pay for themselves - as you will see
Maternity Pay Examples
Short term disability insurance for maternity leave allows gives you an incentive to get coverage: your planned normal labor and delivery is a covered benefit. Your benefit for normal delivery may greatly exceed the premium you may pay, helping you create maternity leave income.
Short-term disability pays a six-week benefit for a vaginal delivery, and an eight-week benefit for a c-section birth, less the elimination period. The elimination period is the length of time you are disabled before benefits begin being paid. Most policies contain either a one or two week elimination period.
Let’s take a look at an example. Suppose you work as a nurse in Texas earning $54,000 per year.
- Your monthly gross pay: $4,500
- 2/3 of monthly gross: $3,000
- Monthly short term disability benefit: $3,000
- Short term disability elimination period: 1 week
| Vaginal Delivery | C-Section Birth | |
| Benefit Duration | 6 weeks | 8 weeks |
| Elimination Period | 1 week | 1 week |
| Net Benefit Duration | 5 weeks | 7 weeks |
| Benefit Amount for Normal Delivery | $3,448 | $4,884 |
Your monthly premiums may be a fraction of your benefit for normal delivery; provided you get short term disabillity at the right time, and in the right place.
Request a Personalized Quote Now that you see the benefit paid for normal delivery, you may be asking "what does this cost". The amazing thing you are about to discover is that the premium you will be asked to pay before getting your maternity benefit may be only a small fraction of what you get back in return. Given that you are hoping and planning on an perfectly healthy experience, the numbers make terrific sense.
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Get A Policy Covering Normal Pregnancy Every woman prefers a paid maternity leave. You work hard to make ends meet. Having a baby should not create financial havoc, but for women facing an unpaid leave from work this is exactly what happens. Follow four simple steps to get covered.
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Apply for Maternity Leave Benefits Is a maternity leave on the horizon for you? If you have a policy in place already there are a few simple steps to follow to file your claim and receive income coverage while you recover from childbirth and bond with your baby.
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Monthly Benefits and Elimination Periods
Your monthly benefit amount can reach up to 2/3 of your monthly earnings up to a cap of $5,000 per month. Insurers are risk averse by nature, so policies with larger benefit amounts sometimes are coupled with longer elimination periods. Since the benefit for normal delivery is a fixed length, your benefit amount may impact your level of maternity pay.
As you see from the examples above a $3,000 monthly benefit amount is a magic number triggering a longer elimination period. While applying for an amount above that figure may yield a smaller maternity benefit there are balancing factors:
| Annual Earnings | Monthly Income | Monthly Disability Benefit | Elimination Period | Normal Vaginal Delivery | Normal Cesarean Delivery |
| $36,000 | $3,000 | $2,000 | 1 Week | $2,326 | $3,256 |
| $54,000 | $4,500 | $3,000 | 1 Week | $3,448 | $4,884 |
| $60,000 | $5,000 | $3,333 | 2 Weeks | $3,100 | $4,651 |
| $90,000 | $7,500 | $5,000 | 2 Weeks | $4,651 | $6,997 |
| $120,000 | $10,000 | $5,000 | 2 Weeks | $4,651 | $6,997 |
As you see from the examples above a $3,000 monthly benefit amount is a magic number triggering a longer elimination period. While applying for an amount above that figure may yield a smaller maternity benefit there are balancing factors:
- Longer elimination periods cost less - your monthly premiums paid in advance will be lower and may yield higher net benefits once premiums are factored in.
- Bigger monthly benefits come in handy - if you miss work prior to delivery the elimination period is invoked only once. You get bigger cash payments when you need them most.
- Smaller benefit amounts are easier to get - if you have existing medical conditions or a poor health history the smaller amount provides greatly flexibility in qualifying for coverage.
Simplified Underwrting
Simplified underwriting is advantage of smaller monthly benefits amounts - those at $3,000 or less. Insurer ask fewer and less intrusive medical question. They also are more forgiving of prior medical histories that are less than perfect. There are a few medical hurdles that you still must pass:
- Having tested positive for AIDS or HIV at any time in your life
- Missing 10 or more consecutive work days in the last 12 months
- Receiving medical advice or treatment in last 12 months for specified illnesses
Guaranteed Issue Underwriting
You may had experienced a medical issue during the last 12 months that could preclude you from getting coverage. Many medical conditions require ongoing treatment and medical supervision, meaning you may never qualify for coverage.
Guaranteed issue policies are available in monthly benefit amounts of $3,000 and below. If either five or 20% of you co-workers (whichever is greater) must aslo purchase a policy. If your group meets this standard, you will qualify for coverage no questions asked. This will be a 12 month pre-existing condition clause included on all policies.
Guaranteed issue policies are available in monthly benefit amounts of $3,000 and below. If either five or 20% of you co-workers (whichever is greater) must aslo purchase a policy. If your group meets this standard, you will qualify for coverage no questions asked. This will be a 12 month pre-existing condition clause included on all policies.
