The Limits of Income Protection During Residency
While most residency programs provide residents and fellows long-term disability coverage that replaces a percentage of monthly income in the event of an accident or illness, the terms of these policies may not adequately address the needs of doctors in training. Without having an adequate amount of income protection, a disabled resident, fellow or practicing […]
The Significance of “Guaranteed Issue” Disability Insurance Offerings
The disability insurance program selected by your institution for its residents and fellows was chosen for its ability to offer comprehensive insurance protection without being concerned about any current or pre-existing health conditions that may deny your right to protect your income during and after training. PHYSICIANS AND INSURANCE COMPANIES VIEW MEDICAL CONDITIONS DIFFERENTLY While […]
Are Your New Employer Disability Benefits Enough?
An employed physician’s disability benefit coverage may not offer complete income protection. Most graduating residents and fellows assume that when they accept a position as an employed physician they will receive a level of income protection that will allow them to maintain their standard of living. Unfortunately, due to the shortfalls inherent in the group […]