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A universal concern of healthcare professionals at all stages of their educational and professional development Iis making ends meet in the event of an accident or illness.

Unfortunately, the income protection insurance traditionally provided by schools, teaching hospitals and practices rarely address the unique needs of healthcare professionals and leave current income needs and future retirement plans at risk.

Professionals We Serve

Medical
Schools

GME
Programs

Faculty Physicians

Executives

Dental
Schools

Did you know?

Most employer provided long term disability coverage will require you to be out for as long as six consecutive months in order to qualify for benefits

Residents and fellows can insure 100% or more of their incomes during training

Graduating physician who are entering practice can obtain coverage that’s greater than their actual earnings

Voluntary offerings to large healthcare populations can be offered without medical underwriting and permanently discounted rates.

Group insurance policies usually only protect base salary

Medical underwriting can be waived when a practice purchases individual policies as part of its benefit package

Group long term disability policies can be obtained by practices with fewer than 10 full time employees

Rates and provisions of individual policies are guaranteed not to change until the age of 65. The same isn’t true for group or association coverage.

If your employer provides you with long term disability coverage for free, any benefit amount provided during a claim will be taxed.

The “guaranteed right” to increase the benefit amount of an individual policy will be reduced as you age.

Residents and fellows can forfeit their right to a teaching hospital’s “guaranteed issue” coverage if they apply elsewhere and are denied due to medical conditions

The premiums paid by a practice owner for a policy that insures their ongoing business expenses is 100% tax deductible

Business overhead expense policies can cover hiring a locum tenens

Some policies that insure student loan obligations require the insured to be out completely and not be expected to return to work ………ever.

Taking medication or seeking counseling to manage stress can affect your ability to secure coverage

Individual policies can be used to raise the income placement percentage and maximum monthly benefit for employed physicians and executives

Contributions cannot be made into a qualified retirement account in the event of a disability

Already a Policyholder?

We always love to hear from you about any needs you have, changes in your personal or professional life or to just say hello.
Please contact us using the link below or call us at 800-214-7039.

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InsMed Insurance Agency, Inc. 500 Mamaroneck Avenue, Suite 408 Harrison , NY 10528

California License #0D42687 | Arkansas Insurance Producer License Number 100158189