Could it get any worse? That’s what so many Texans are asking these days.

With a crippling pandemic, a devastating storm and its disastrous aftermath, the people of Texas – certainly Texas physicians – have seen enough tribulation this past year. It’s become clear that our lives can change dramatically overnight as a result of circumstances over which we have little or no control.

It is from this perspective that we might approach the topic of life insurance.

Whether you already own your own home or plan on relocating in retirement, there are several opportunities for you to save money on homeowners insurance, if you or your spouse is 55 years of age or older. An advisor can review your current policy to determine if you are paying more than necessary, and help you take advantage of some industry savings that may be available to you at this stage in life.

The pandemic has impacted nearly every aspect of the economy, including physician-owned practices. Conditions have become very challenging, especially for solo and small practice owners. TMA Insurance Trust is fully committed to the success of practice owners and we want to make sure you are aware of the free assistance and support that are available to you.

If you are retired or thinking about retirement, you’ve probably heard that medical expenses are often the biggest drain on retirement savings. According to some estimates, the average couple will need $295,000 in today's dollars for medical expenses in retirement, and this doesn’t include the costs of long-term care.

According to data compiled by the Texas Medical Association and other organizations, even before the pandemic approximately five million Texans – more than one-sixth of the state’s population – were uninsured. Then the pandemic hit, leading to layoffs and furloughs which caused many who were previously insured to lose their coverage.

Do you work for a hospital, medical group or medical center?

If so, as an employed physician, it’s likely you have disability insurance. It’s also likely that your coverage is provided as part of your group benefits package.

And while this may be a valuable benefit for most working physicians, we find that many of our members may not be aware that the disability insurance provided by their employer can have certain limitations.

If you or someone you love are diagnosed with a serious illness, you must make important decisions with great urgency. And when a life is on the line, you are likely not thinking of the financial impact of the decisions you make. You would use all your resources to create a plan with the best outcome, no matter the cost. And those costs would accumulate quickly.

At times like these, additional funds to cover whatever needs you have would be most welcome. That is exactly what critical illness insurance provides.

Although we never want to believe that we could become severely ill, as a physician, you know that it happens to the best of people. A serious illness can leave the patient and their family reeling; not just emotionally, but also financially.

If you should become seriously ill, Critical Illness insurance can help relieve the financial burden and support your healing. Because our mission is to help protect Texas physicians, TMA Insurance Trust is providing members with Guaranteed Acceptance for $20,000 of TMA Member Critical Illness insurance, now through March 12.*