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| Affording First Trimester Bed Rest - Short Term Disability |
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| Written by Cloude Raine |
| Wednesday, 18 May 2011 08:43 |
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A new pregnancy if full of excitement and anticipation; you look forward to that bouncing new baby and holding it in your arms. Many couples choose to wait until the second trimester to break the news to family and friends. There is a realization that the first few months of pregnancy can be risky. If a couple loses their baby during this time, they prefer to mourn privately. Accident Coverage Many people assume that short term disability insurance is designed to replace a portion of your income in case of accidents that cause you to miss work. An insurer with ubiquitous, loud, and humorous commercials has raised awareness of this important benefit. Accidents can happen to any of us at any time, and lost income due to an accident can have serious repercussions to your ability to cover your mortgage, car payments etc. Should you get hurt and miss work due to an accident, your policy will replace a portion of your income. The primary disadvantage of group coverage is the employer cost and choice. Because employers must bear the cost of the premium, the employer gets to choose whether to offer this benefit to employees. And many employers choose not to buy this coverage for employees, meaning many employees have no income replacement. Another disadvantage is continuity. If an employee leaves the employer, they often leave their disability policy behind. Individual Disability Coverage Employees without group coverage or separating from their employer might look to the individual market for coverage. The advantage to this approach is that employees are in charge of the process. The employee or income earner gets to choose the insurance carrier, agent, and policy configurations that best suit his or her needs. And coverage continues no matter where an individual chooses to work. The most amazing aspect of short term disability coverage is the incentives to sign up before getting pregnant. First, in order to cover any pregnancy, the policy must begin before getting pregnant. Second, there is an opportunity to buy insurance for a planned event: her normal labor and delivery. Voluntary Disability Insurance Voluntary short term disability insurance represents a fertile middle ground for both employers, and individuals looking for lower costs, better benefits, and more attainable coverage. Voluntary group coverage combines positive elements of both the individual policies and group coverage to create a more positive overall experience for both parties. Voluntary coverage helps lower costs. Marketing programs via payroll deduction to groups helps pool risks for insurers helping to lower claims rates and costs. Also, a payroll deduction means policies can be paid for using pre-tax deductions, which can lower the effective cost of the policies. Postpartum Disorders Coverage Sometimes postpartum disorders such as hemorrhaging will prompt your doctor to extend your maternity leave recovery time. Your income will continue to be replaced during this time as well. Finally voluntary coverage means expanded benefit coverage. For example, a woman planning a pregnancy can find a lower cost, attainable policy that covers normal labor and delivery, plus complications by purchasing coverage through her employer. Since she pays the premium herself, it's easy for her employer to make paid maternity leave benefits available to her and her co-workers. Should she leave her employer, she can continue coverage as the policy is portable. Ask your employer to make a voluntary short term disability insurance program available. About the Author: Cloude Raine always sees to it the quality of his work is fully delivered. Compare Automobile Insurance, Cheaper Car Insurance quotes from multiple companies. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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