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.