7 Things Graduating Medical Students Need to Know About Financial Wellness During your Residency
#1
The majority of your new income will be used to pay your regular monthly expenses and any loan repayment obligations.
#2
If you were to become sick or hurt and unable to continue training you should expect to receive only 60% of your income (from your employer’s long term disability insurance plan).
#3
It’s very unlikely your employer’s disability benefits will cover your loan obligations.
#4
Your income protection coverage is likely to end when you complete your training.
#5
Your medical school may have created a special opportunity for its graduates to fill in these protection gaps, even if you have a current or pre-existing health condition.
#6
#7
The opportunity will expire 30 days after graduation!
Please don’t overlook a unique opportunity to better protect your future income without having to medically qualify!
For more information or to review the coverage you received from your teaching hospital, please contact us:
