Most people know that insurance is there to help protect what’s important in our personal and professional lives. But as a woman physician what you might not know is that the pricing for certain kinds of insurance can be different for women than it is for men.
That’s because in many cases, premiums for insurance products are based on the gender of the person seeking coverage. And often, women bear higher costs because they represent greater risk to insurance companies.
As young physicians embark on their medical careers, it is essential to prioritize their financial well-being and future security. Short term disability insurance is a crucial safety net that can help provide financial support during periods of medical leave when you are unable to earn your regular salary.
We are proud to introduce the TMA Member Short Term Disability Plan, issued by The Prudential Insurance Company of America, as an affordable, guaranteed way for residents and young physicians to access vital income insurance protection.
The word independent holds diverse interpretations for different individuals, making it a subjective and multifaceted concept. To many people, the definition of an independent physician used to mean a practice owner. Today, that definition is not so clear-cut. More physicians are desiring to practice as medical professionals without taking on the ongoing responsibilities of business ownership.
Protecting your oral health is an essential step to managing your overall health. Unfortunately, in this economy, many are forced to choose between going to the dentist or protecting their wallet. Thus, due to cost, many avoid going to the dentist. TMA Insurance Trust can help protect both your wallet and your oral health by offering you an economical way to secure dental coverage.
In the current inflationary economy, many practice owners are encountering rising expenses that may surpass their ability to sustain their emergency savings. If they were to become unable to work due to an illness or injury, the funds they have managed to save for emergencies might not provide sufficient coverage for the practice if its revenue ceases. The loss of earnings could lead to a cascade effect of losses that extend beyond the financial aspect - loss of personnel, loss of patients, and loss of their reputation in their community.
As a physician, you likely have a better income than many, but that’s no reason to spend more than you need to on auto or home insurance. Even if you were happy with your rate when you secured your policy, it is subject to change. Perhaps you may be paying more now than you did at that time. Why not take a look? You may be surprised at the savings.
Spending money to save money may sound counterintuitive, but there are situations where it can be a wise financial decision in the long run. For instance, you likely perform regular maintenance on your vehicle. Oil changes, tire rotations, and other preventive services can help avoid expensive breakdowns. Investing in energy-saving appliances may cost you upfront, but the long-term benefit of lower utility bills is a trade-off many homeowners gladly accept.
When dealing with a health crisis, you may recommend that your patient get a second opinion or, depending on the situation, see a specialist. Take your own advice and get a second opinion about the group health insurance plan you choose for your practice. TMA Insurance Trust advisors specialize in helping physicians in Texas to find better group health insurance plans, get better service, and in some cases, even better rates.
