THE CLOCK IS TICKING

Health Insurance Open Enrollment is almost over. If you have not yet finalized your health insurance decisions for a January 1st effective date, it is imperative that you contact us now for assistance. TMA Insurance Trust wants to help you take advantage of important opportunities that are available to you during this limited time. If you contact us right away, we may still be able to help you obtain coverage.

In response to the economic crisis this year, we know that the Federal Reserve dropped interest rates to historic lows. This inspired many homeowners to refinance and benefit from lower mortgage rates in the long term. But some homeowners may be overlooking another source of potential savings! Could you benefit from lower rates on your homeowners insurance?

As a physician, you have a relatively high net worth when compared to the general population. Are there times that an individual may see an opportunity for a big payout by taking advantage of your hard-earned financial standing?

Physicians can benefit greatly from an umbrella insurance policy. Let’s look at a few examples of how this insurance helps to add an additional canopy of protection for you.

If you can spend less and receive the same benefits, why not save money? Especially during these challenging times, saving money on essential items is important. One way to grab easy savings is to see if you are paying too much for your automobile and homeowners insurance.

The rates for you are very likely higher than those paid by your male colleagues.

In some cases, 40% – 50% higher*. This is what some call a “pink tax’ – a surcharge based solely on the fact that you are a woman. Why is this so? Because statistically, insurance companies find women physicians become disabled more than their male colleagues.

If you are a physician who is employed by a medical center or other practice, you probably have life insurance as an employee benefit. But does your current policy offer enough coverage to provide the right financial insurance protection for your family? And as some employers cut costs, can you be sure that your benefit will remain? Will it be reduced or eliminated at some point in the future?

During these tumultuous days of COVID-19 it practically goes without saying that health insurance protection is essential to every Texas physician.

So we want you to know that TMA Insurance Trust is here to provide support for all your health insurance needs – whether you need to find a new group plan for your practice, make changes to your individual policy, or sort through your many Medicare options.

This year has been especially challenging for practice owners ... and we don’t need to tell you why. What we do want to make clear is that we can make things a bit easier on you as you’re thinking about group health insurance choices for the coming year.