Do You Have Short-Term Disability Coverage?
If you are in a position of not having any financial reserves, you should definitely consider having a short-term disability coverage. Talk to your employer about the cost of adding this coverage to your payroll deductions.
Updated Jun 11, 2019
Do You Have Short-Term Disability Coverage?
Many employees skip out on the opportunity to have this coverage in order to save few dollars every paycheck, but is this smart?
Short-term disability insurance pays out a certain % of your income in case you’re not able to work due to illness or an accident. It usually covers a period of 3 months after which you will have to file for a long-term disability coverage.
So if you are in a position of not having any financial reserves, you should definitely consider having a short-term disability coverage. Talk to your employer about the cost of adding this coverage to your payroll deductions.
Today's tip brought to you by Mvelopes and Money4Life Coaching.
Originally published February 26, 2018.
