A lot has happened in your life and career since you signed up for your first Long Term Disability (LTD) policy. As a rule, a typical policy is designed to help protect 60 percent of personal income, if you’re unable to work because of an illness or injury*. If you haven’t updated your policy in years or supplemented your coverage to match your rising income, everything you’ve worked for could be at risk.
If you could take a peek into your future, would that glimpse alter your present decisions? If you could see that disaster was on its way, you would likely plan ahead to avoid the inconvenience and trouble. Of course, we can’t see into the future; but it’s human nature to try to anticipate whether our choices are positive or detrimental. That’s why we read online reviews, seek professional opinions, and gather reliable information. We want the road of life ahead to be as smooth as possible.
In an effort to serve members better, TMA Insurance Trust recently introduced auto, homeowners, renters and umbrella insurance for members. We’d like to take you behind the scenes and show you what makes this program such an exciting new benefit for members.
The health of your practice depends on many factors, not the least of which is a happy and secure staff. When your practice has employees with high morale, they are productive, miss less work, and stay on the job longer; and all these things affect your practice’s profitability. One of the major contributors to low morale is anxiety over personal finances. How can you as a practice owner help your employees feel more secure and valued? One way is through the use of a voluntary benefits program offered by TMA Insurance Trust.
If you’re like most physicians the life insurance policy you have from your employer or purchased early in your career hasn’t kept pace with the changes in your life. If you’ve married or divorced, started a family or recently had another child, bought a new home or incurred more debt, it may be time to re-evaluate your overall life insurance coverage.
If you are like most physicians, despite the fact that you work very hard, you still have not achieved financial independence. Instead, you depend on your ability to continue to earn an income. Still, some physicians are living with a hidden risk that could destroy their financial security. The danger: the risk of a disabling injury or long-term illness.
Not all medical practices chose a new health insurance plan by January 1. Perhaps your practice has a group policy that renews at some other point during the year. When you receive renewal paperwork, you may find alarming premium increases and other plan changes.
Here is some good news: with ACA health insurance, you can’t be rejected or charged a higher premium if you have a pre-existing condition. However, ACA health coverage must be purchased during a limited timeframe. That period is ending very soon. You should know that if you miss open enrollment, the remaining health insurance options may leave you ill!
