(Closed) Short term disability – not a possibility ?

posted 6 years ago in TTC
Post # 2
Member
552 posts
Busy bee
  • Wedding: October 2014

My pregnancy was a surprise, and I didn’t have short term disability, nor am I at a company that falls under requirements to meet FMLA. I’m due in April so it’s been a bit of a panic situation. Luckily, my employer instituted a policy that we are allowed 12 weeks maternity leave at 50% pay. I’m honestly grateful for half of the pay and the 12 weeks. I will have accrued 1.5 weeks of vacation time (carried a week over from 2015) by April, and plan to use that at the end of maternity leave so that’ll be additional time off and paid also.

I understand the need to plan – I’m a HUGE planner, but circumstances have kind of forced us to be OK with it, so I’m not sure I could give you the best advice apart from just making it work. We had planned on waiting to TTC (ironically the time we were thinking we’d start TTC is when I’m due!) and save more money to move to a bigger home (wanting to keep our current townhome and use as a rental for future income so our downpayment for the next home is basically on us).  Anyway, obviously that plan is on hold for now and probably for the next several years as it’ll take us a bit longer to save what we had planned. I make what my husband makes, but he’s paying off school loans and such so the loss of my income for maternity leave will hurt a little as far as him needing to scale back paying off loans and step up paying mortgage, etc.

It all boils down to what you’d feel comfortable doing! I feel like TTC is such a gamble anyway, it could happen instantly or you could be trying for a while, so it’s hard to advise in that way. Maybe sit down with your husband and draw out a few ‘what if’ plans so you’re semi-prepared for a couple of different situations? I will say, the more money you have saved the better because these little ones are hella expensive – when you’re looking at your plans I’d consider daycare costs and things beyond just having the baby as well because that’s a whole other financial issue. 

Post # 3
Member
1481 posts
Bumble bee
  • Wedding: March 2014

You could get your own STD insurance outside of your work through like Aflac or liberty mutual. 

Post # 4
Member
677 posts
Busy bee
  • Wedding: June 2014

I don’t have short term disability or paid leave of any kind. DH and I knew this before we started TTC and planned accordingly. We have been setting money aside since we got that BFP and will have accrued 3 months of my income by the time this baby comes. 

Post # 5
Member
14 posts
Newbee
  • Wedding: March 1999

View original reply
JLFinch:  +1 why not look out options outside of your company?

Post # 6
Member
6386 posts
Bee Keeper
  • Wedding: April 2013

View original reply
MrsJet:  Would it be possible to live soley off of your DH’s income once it increases?  Then you can just save whatever you make while you’re working, plus you’ll already be budgeted for one income once you have the baby.

Post # 7
Member
599 posts
Busy bee
  • Wedding: April 2015 - Anchor Inn, MD

View original reply
MrsJet:  I second the Aflac suggestion but be careful — some STD policies require you to have it for at least 12 months before using it for maternity leave so you’ll want to check the stipulations carefully and plan accordingly. Honestly, as much as you might want to TTC, it’s probably worth waiting 3-4 months (extra padding time can’t hurt in case you deliver early) if it means you get some sort of compensation during your maternity leave to make finances less stressful. 

Post # 8
Member
1843 posts
Buzzing bee
  • Wedding: September 2013

My short term disability is a joke. They pay 6 weeks for a vag delivery, $500 per week (it says 60% of income OR up to $500 per week LOL). And I really only get 4 weeks of pay as theres a 2 week waiting period. so glad we saved.

Post # 9
Member
7973 posts
Bumble Beekeeper
  • Wedding: October 2013

i make almost double what my husband makes, so i can’t afford to take unpaid time off and we don’t have paid maternity leave either.

i have to use my sick and annual leave.  i have been saving a long time. i have about 13 weeks sick  leave and 6 weeks annual leave saved up as of now and am due in april.

my plan is to take 12 weeks sick leave, then take leave 2 days a week for a few weeks, then back to work full time.  hopefully i won’t exhaust all my leave.

 

you might also want to look into Aflac’s Short term disability policy.  i know the effective date needs to be before you conceive to qualify for maternity benefits

Post # 10
Member
6573 posts
Bee Keeper
  • Wedding: October 2014

Remember this when it’s time to vote. It’s a national embarassment that families need to make such difficult decisions. 

Post # 11
Member
77 posts
Worker bee

I’m self-employed and my DH provides our benefits. His company does not have a short term disability policy for spouses. When I looked into getting aflac or something like that for myself to cover maternity – I found zero companies that sell Short term disability to individuals – it is all only through benefits and admnistrators. If you are able to get aflac through your benefits, you do need coverage before you conveive. This is a major loophole in insurance converage for women. I’ve talked to my state reps about it as well – to no avail yet. 

Post # 12
Member
1786 posts
Buzzing bee
  • Wedding: August 2016

View original reply
ajillity81:  do you work for the federal government.? You leave plan sounds like what I hope to do in the future! 

Post # 13
Member
7973 posts
Bumble Beekeeper
  • Wedding: October 2013

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beautyofdreams:  yup, a federal employee.

my office also allows us to work advanced sick leave to help build up more sick leave, if that is an option for you.

there are 2 ladies i know who worked a lot of advanced sick leave and took almost 6 months off.

Post # 15
Member
4044 posts
Honey bee
  • Wedding: June 2014

I would look into short term disability options outside of the workplace. 

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