5 Questions a School Should Consider About Their Students’ Protection
Graduating medical students have the opportunity to continue the disability coverage provided during their school years to help them pay their monthly expenses (including student loan repayments).
But the terms of coverage can vary greatly among insurance carriers and create a false sense of security. Here are five important issues to evaluate:
#1
Does your coverage limit benefits to twelve months for claims due to post viral conditions or any other conditions?
#2
Could the insurance company increase their rates, change the terms of coverage or even terminate the policy any year in the future?
#3
Can the monthly benefit be reduced by the coverage provided by an employer during practice years?
#4
Does the coverage limit the period of time that benefits can be paid?
#5
Will student loan payments be reimbursed if the disabling event will allow them to return to work one day?
There are substantial differences in the coverage a school can offer it’s graduates.
For more information or to review the coverage you currently provide your students please contact us