If you have been watching the news lately, you have heard that inflation is on the rise. For example, CNBC recently reported a US Bureau of Labor Statistics analysis that showed inflation surged 7.5% on an annual basis, even more than expected and highest since 1982.*

Regardless of profession, inflation affects the prices you pay for goods and services. But it can also affects things you may not expect, like your life insurance. If you put a life insurance policy in place years ago–even 5 years ago–the lump sum benefit would not cover as much now as it would have then. You may now need a supplemental policy in order to give your family the right amount of financial security again.

If you aren’t yet insured, taking a few minutes of your time to put a plan in place could provide years of reassurance and added peace of mind for you and your family.

"Don't put off until tomorrow what you can do today."

It rang true when Ben Franklin said it over two centuries ago. And it may, in fact, be good advice when it comes to reviewing your current life insurance coverage.

Time is money. This well known expression is true in many areas of life. Time is precious and valuable. Now that you are nearing or in retirement, making the right Medicare supplement moves at the right time can save you thousands of dollars in health care expenses.

By some estimates, the average American retirement lasts about 20 years. Health care needs increase as we age and therefore health care is one of the largest expenses we face in retirement. Original Medicare can help offset many of these costs.

Owning a medical practice comes with many rewards. But in today’s world it can also bring daunting new challenges.

The financial impact of Covid-19 has affected large and small medical practices throughout Texas. As a result, practice owners may be taking a closer look at their office expenses, exploring new ways to better manage their practice and operate more efficiently.

By some estimates, the average American retirement lasts about 20 years. Health care needs increase as we age and therefore health care is one of the largest expenses we face in retirement. Original Medicare can help offset many of these costs – but not all of them.

As a physician, you most likely think more about caring for a patient than becoming one. It can be difficult to shift perspective and think about your own care and what you would do in the event of a serious illness. TMA Insurance Trust understands that. That’s why we’re making a special effort to inform you about the TMA Member Critical Illness Insurance Plan, issued by The Prudential Insurance Company of America. TMA members under the age of 65 are guaranteed acceptance for $20,000 of TMA Member Critical Illness Insurance.

Whether you work in a hospital or in an office setting, you no doubt recognize the benefits of collaborating with specialized medical professionals. No one physician can do it all, instead you work together to provide the best possible care to your patients. The same applies to insurance. Your comprehensive health insurance is vital to maintaining your health–but it can’t do it all. If you become seriously ill, high deductibles, copays and maximum benefit limits can quickly cause financial strain during an already stressful time.

The pandemic has been a sobering reminder that sudden, serious illness doesn’t discriminate. A serious illness can impact a family physically and emotionally–but also financially. How secure would your finances be if you or a family member were diagnosed with a critical illness?