Before You Conceive: Get Disability Insurance for Maternity Leave
It is inevitable that with any pregnancy there are going to be costs involved, at the very least some hospital bills and loss of income while you are recovering from delivering your baby.
Please know that for all of these plans, you must have them in place BEFORE conception occurs or else your pregnancy will not be a covered event as it will be a pre-existing condition.
However, there are several types of disability insurance policies that can provide you with income during your pregnancy and maternity leave. Since the majority of the time the amount you get back more than covers the premium, they are most certainly worth looking into, and they could even save you thousands of dollars.
Please know that for all of these plans, you must have them in place BEFORE conception occurs or else your pregnancy will not be a covered event as it will be a pre-existing condition. Most plans have a 9 month exclusionary policy, and some plans even stretch it to 10 months, so please make sure you know what the exclusionary period of your plan is before trying for you little bundle of joy.
There are essentially three types of disability insurance plans, and some policies can combine two or more different aspects. Here are the types of policies available:
Short-Term Disability for Pregnancy
Approximately 1 in 4 pregnancies experience some type of complication, which may require the pregnant mom to take time off work. This unexpected turn of events can put financial strain on a family, which in turn can put more stress on the mom, which is not good for her or the baby.
Short-term disability plans that include pregnancy protection can give you back up to 2/3 of your income that is lost should you have to leave work early to take care of yourself.