3 Events That Are Eligible for Short-Term Disability Payments

3 Events That Are Eligible for Short-Term Disability Payments

Short-Term Disability Payments

Short-term disability insurance is a coverage that seems superfluous until it’s actually needed. Many employers offer it as part of a benefits package, but employees often don’t realize how important it is to have a policy that will pay their lost wages until they experience one of the following three events.

Illness

Illness can strike out of the blue for anyone, and time off for treatment and recovery can be devastating to the person unable to earn a paycheck. Short-term disability insurance can cover lost wages while the employee gets well, freeing both the employee and employer for the financial impact in the interim.

Injury

No matter what their age or lifestyle, anyone can become injured and temporarily unable to work. The short-term disability time frame varies between states, but many long-term disability policies do not go into effect until after a set time, meaning the injured person would be without a paycheck until that policy kicks in later.

Pregnancy

Having a baby is an exciting event, but it also means time off while an employee heals from the medical aspect of the miracle. Short-term disability covers wages during a set recovery period so the new mother can focus on her baby instead of her lost salary.

No matter how healthy or invincible an employee feels, there are times when short-term disability coverage will be essential. Although often utilized, the coverage remains an unsung hero among employee benefits.