You know that if you’re an independent practice owner with employed staff, group PPO health insurance is an option for you. But what if for you, practicing as an independent physician means you are truly independent, with no employees?
There are many risks in everyday life. That’s why we have insurance protection. And most physicians view certain types of insurance as absolutely essential. Health insurance, disability insurance, life insurance are some examples.
Though you likely view health insurance as vitally important, does it offer the same benefits and level of financial protection that it once did? Many physicians will agree: the fabric of health insurance has frayed, and today, they must share the ever-growing costs of health care with their health insurance provider.
If a serious illness should affect you, you will likely have many medical and non-medical expenses to pay. This is why TMA Insurance Trust is offering members under age 65 the TMA Member Critical Illness Insurance Plan.
What happens to your practice if you can’t work? Disability insurance can help keep your household on track financially if you become too sick or injured to work, but what about your practice? Having an emergency savings fund established is beneficial, but in today’s inflationary economy, many practice owners may find that it will no longer keep their practice running for as long as they anticipated.
You’re a practice owner and you’ve invested an incredible amount of time and energy to get where you are. Nobody knows this better than you.
Health is wealth. As we age, we grow to appreciate the truth of that like never before. Protecting our health has always been essential, but as we age maintaining good health becomes more important, and more expensive.
Fortunately, there are insurance solutions that make caring for our health more affordable. TMA Insurance Trust can help you find the insurance you need to protect your health and your wealth during retirement.
As inflation increases, it’s a common reaction to start looking at what expenses could be eliminated from your budget in order to save money. While nearly all physicians would consider health insurance a necessary expense, what about dental insurance? Many people opt out of dental coverage, some perhaps viewing it as peripheral insurance, specific only to one part of the body. Plus, if you’re brushing and flossing regularly, what harm could there be in skipping a couple checkups and just bypassing the dentist for a year…or two…or three…?
Many, if not most physicians, have a life insurance policy. It could be an individual plan you purchased years ago. Or it might be coverage provided by your employer. Either way, it’s very common that “once we get it, we tend to forget it.”
But as time passes our family and financial obligations typically grow. And if we haven’t added more coverage as our career and our lives evolve, we may not be providing our family with enough financial protection should something happen to us.
