Dr. Jennings, a fourth-year resident in plastic surgery, was at home in her kitchen. While unloading her dishwasher, she dropped a coffee cup. She reached down to try to catch it before it hit the floor, but the cup broke, and a large shard of glass bounced up and severed a nerve and tendon in her
8 Most Important Questions to Ask Before Buying Disability Insurance
Before you buy disability insurance - be sure to ask these eight questions: 1. How does the policy determine if I’m disabled? The best plans define disability as a sickness or injury that prevents you from performing the duties of your own occupation or medical/dental specialty. This definition
Will Medical School Loans Eat All Your Disability Check
You knew those medical school loans were going to be a drain on your lifestyle when you took them out, but what happens if you become disabled and can’t work as a doctor after graduating or you become disabled before graduating?If you’ve been a good planner, you already have purchased some form
Do I Need Disability Insurance as a Medical Student?
That’s a question we are often called to address, and the answer is often “yes.” You may not need the same level of protection as people well into their medical careers, and unless you’re independently wealthy, we understand you can’t afford to pay unlimited disability insurance premiums. But we
I have a pre-existing condition. Can I still get disability insurance?
Disability insurance isn’t like major medical insurance post-Obamacare. While major medical carriers have to take all comers, regardless of their medical history (provided they apply during an open enrollment or special enrollment period), disability insurance is still medically underwritten. That
Definitions Matter – Especially the Definition of Own Occ Disability Insurance
Nearly every insurance expert will advise doctors it’s important to own a disability insurance policy with an “own occ” (own occupation) definition of disability written into the contract. That’s in contrast to the less desirable “any occupation” definition included in many contracts.For physicians,
Doctors, Disability and Critical Illness Insurance
Most physicians we speak with understand the need for at least some individually-owned disability insurance. But there’s another important form of insurance protection that is growing more and more popular as physicians and employers see the need: Critical illness insurance for doctors.For proper
Details Matter: Doctors Should Own Their Own “Own Occupation” Disability Insurance
Importance of Own Occupation Disability InsuranceWhen it comes to protecting your income against the risk of injury or disability, having the right policy matters. As a physician, chances are good that your ability to earn an income hinges on your physical ability to do things like these:Remain on