Faculty
Physicians
Employer disability insurance programs don’t fully protect healthcare professional’s income levels and sources (e.g. bonuses, revenue sharing) due to contract limitations and low max benefits for physicians.
Addressing the coverage gap
To address this coverage gap, several insurance carriers have developed disability insurance offerings that allow an institution’s healthcare providers to secure additional coverage without having to worry about medically qualifying. Through this offering, it is possible to:
- Protect a greater percentage of compensation
- Insure non-salary compensation
- Increase the maximum monthly benefit
- Expand coverage to insure retirement plan contributions
- Obtain additional coverage in the event of a catastrophic loss
- Be protected for the ability to perform the duties of one's own specialty for the entire benefit period
- Include permanently discounted gender-specific rates.
These individual policies are offered through online enrollment platforms that gives each eligible physician the opportunity to review a personalized proposal and apply without having to meet with a sales representative. These policies can be maintained in the event the employee leaves the institution and premiums can be paid without requiring payroll deduction.
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