As a Texas physician who currently has or will soon be eligible for Original Medicare, it is important to understand the limitations of Original Medicare. Health-related costs are one of the largest expenses during retirement. However, with proper insurance planning, many of these expenses can be covered by the insurance company, not by your retirement nest egg.
As a physician, what is your most valuable asset? Some would say it’s your ability to earn income. This can be particularly true if you are a surgeon or specialist.
Think about it. You’ve spent years in medical school, residency, and then more time acquiring the skills demanded of your specialty. We don’t have to tell you – this is an enormous investment of time, money, and very hard work.
Accordingly, it’s likely that by now you are earning an income which reflects this investment and commitment. So shouldn’t you take extra care to help protect that income?
You may be a practice owner looking for group health insurance for yourself and your staff. Or maybe you’re searching for an individual health insurance plan for yourself and your family. Or it could be that you’re exploring the numerous Medicare options that are available to you.
Choosing a health insurance plan, or making changes to current coverage, can involve some very important decisions. So we suggest you consider getting a second opinion from a specialist – your TMA Insurance Trust advisor.
People tend to grow out of things. When we’re very young, our parents lament at how quickly we grow out of our shoes and jeans. As we get older, we may grow out of our apartment, our vehicle. As you’ve advanced through your career, you likely grew out of your first job; you wanted something that fit your training and needs better. Of course, as we get older, we grow in experience. Our wisdom deepens. Our income grows as well.
You’re a young physician, and your own long-term disability insurance may seem like an insurance product that you do not need. You are healthy. You are a hard worker and in control of your life. You make good choices. But the reality is that sudden accidents and serious illnesses may strike at any time, to any person.
When you operate a medical practice, certain insurance policies are a necessary expense. You’re paying for the insurance, but are you getting the best possible service to go along with it? Some small practice owners are paying for coverage, but get very little assistance from their insurance company.
Working with TMA Insurance Trust is different. With over 60 years serving only Texas physicians, we offer focused expertise and outstanding personalized service that will exceed your expectations.
If you are about to turn 65, we congratulate you! Your 65th birthday isn’t just a personal milestone, it is the time you can finally begin drawing the Medicare benefits which you have paid into all your working life.
As a group, physicians tend to prepare well for their financial future, and for them, not all insurance protection is needed. But for most physicians, life insurance can offer financial protection that makes practical sense. In this way, we tend to call life insurance “essential protection.”
