By definition, an accident is neither expected nor intended; in other words, you don’t see it coming, and when it does ... you wish it hadn’t. Out-of-pocket medical costs are also an unexpected surprise for many when an accident occurs. If you or a family member falls from a ladder, breaks an ankle during a soccer game, or burns an arm while trying out the new electric pressure cooker; expenses that aren’t covered by health insurance may add up quickly.

For TMA members, help is available to pay for the out-of-pocket costs related to an accident. Now that you have health insurance in place for the new year, why not examine your family’s need for accident insurance coverage?

Many physicians in the early stages of their career do not yet own a home. If you are currently renting, you may be among the 60% of renters who have overlooked something very important: renters insurance. Many renters do not carry insurance because they are unaware of the facts. At TMA Insurance Trust, we want our members to be fully informed. Here are some of the most common misconceptions about renters insurance, and why you should know the truth.

Imagine that you just purchased a brand new car. It gleams on the outside, handles flawlessly and comes with all the bells and whistles you could want. When you step into that car for the very first time one thing is almost certain: You wouldn’t dream of driving one block from the showroom if that car was not adequately insured.

So here’s a question: If you have insurance to protect your new car from potential damage, why wouldn’t you give the same consideration to insuring something even more valuable – your professional income?

As a physician, you see the importance of having disability insurance in place. Whether you are an independent physician and must purchase your own disability insurance, or you are employed and only receive coverage through your employer, you see the value in protecting your income.

Still, some physicians (whether independent or employed) may not have enough disability insurance to adequately protect their finances. If you become sick or injured and are unable to work, will your current disability coverage adequately protect you? Will your family have enough income to sustain the standard of living that you have achieved together?

Surviving a serious illness can be one of the biggest challenges of our life. It can consume most of our physical, mental and emotional strength. If we are lucky, we have support systems in place – with friends, colleagues and family members – to help us through.

But what about financial support? Have you thought about what might happen to your finances in the event of a serious illness? Have you given any thought to critical illness insurance?

It is very common to hear that you can save money on your auto and/or homeowners insurance. You hear it so often, in fact, that perhaps you tend to tune the message out. So when we suggest that you could save by getting a quote from TMA Insurance Trust, why should you listen this time?

THE CLOCK IS TICKING

As Health Insurance Open Enrollment draws to a close, you as an independent practice owner have very little time left to make important health insurance decisions for yourself and your staff. If you still need to make these decisions for your small practice, the advisors at TMA Insurance Trust are here to help you.

THE CLOCK IS TICKING

Consider a far-fetched scenario: What would happen if tomorrow morning, you walked in to your office and no one on your staff showed up for work. No one to greet patients. No one to answer phones, no one to to assist you with exams and procedures.

What if, without notice, you had to hire brand new employees. How long would it take to train them? To get them familiar with your procedures, your patients, your ways of doing things?

Of course, that’s unrealistic. But most medical practice owners would probably agree – without the support of their well-trained, efficient, enthusiastic employees their practice would barely function.