Protecting What Matters Most

border

Don’t Let Illness Or Injury Sabotage Your Practice

Quick Take away - August 2022 week 1What happens to your practice if you can’t work? Disability insurance can help keep your household on track financially if you become too sick or injured to work, but what about your practice? Having an emergency savings fund established is beneficial, but in today’s inflationary economy, many practice owners may find that it will no longer keep their practice running for as long as they anticipated. 

This is why we developed the TMA Member Business Overhead Expense Insurance Plan issued by The Prudential Insurance Company of America.

Help Protect the Practice You’ve Built

The care you provide as a physician is vital to your practice. If you cannot serve your patients and generate revenue due to illness or injury, Business Overhead Expense (BOE) insurance will help:

  • Pay for expenses like rent, utilities, loan payments, office supplies, property taxes, maintenance services
  • Preserve your personal finances by allowing your personal disability insurance benefits to be used solely for your household and family expenses

If your practice is forced to cease operations until you can recover, and salaries and benefits cannot be paid for, your staff may need to seek employment elsewhere. The temporary closure of your practice could also necessitate your patients seeing competing physicians, which may result in them not returning to your practice when you reopen. 

Therefore, TMA Member Business Overhead Expense insurance has the added benefit of allowing you to help:

  • Pay employee salaries, payroll taxes, the cost of a locum tenens replacement physician and more
  • Keep your practice operationally and financially viable by retaining patients and employees
  • Maintain your professional standing and business momentum in your community

Any TMA members who are partners in your practice should also apply for BOE coverage so the practice is more fully protected.

Have questions about your insurance needs? We're here to help - click here or call today
800-880-8181 7:30 – 5:30 CST Monday – Friday

The Advantages of a Better BOE Insurance Plan

Not all BOE insurance plans are created equal. The TMA Member Business Overhead Expense Insurance Plan issued by The Prudential Insurance Company of America provides exclusive benefit advantages developed to help independent practice owners

With the TMA Member BOE Plan, members receive:

  • Higher Payouts: Up to $50,000 in monthly benefits to cover the ongoing expenses of your practice
  • Lower Cost: The TMA Member BOE Plan offers a lower premium compared to many competing carriers, which means greater value and affordability for you
  • Longer Payouts: Benefits can be paid for up to 36 months (or until the aggregate benefit amount is reached)
  • Retroactive Payout: You’re paid for the waiting period – the TMA Member BOE Plan will make the first payment retroactively after you have been disabled for 30 consecutive days
  • No Premiums When You’re Disabled: Your premiums are waived so there is no cost to you when you are disabled and receiving benefits 

The TMA Member BOE Plan is just one more way TMA Insurance Trust helps ensure that Texas practice owners can continue to grow and thrive during these uncertain times. 

A Personal Care Team for Your Practice

We have dedicated, experienced advisors ready to assist you in putting your TMA Member BOE Plan in place. Let us help take care of what you’ve worked so hard to build. Call 1-800-880-8181, Monday through Friday, 7:30 am to 5:30 pm, CST.

New Call-to-action

For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.

Recommended Posts

Special Insurance Savings For Women

You’re Seriously Ill. You Can’t Work. What’s Your Plan For Your Practice?

The Four Advantages of Buying Insurance From TMA Insurance Trust

Helping Physicians Manage Their Time Wisely

How to Help Your Practice Prepare for the Unexpected

Save On Two Types Of Income Protection – Personal And Practice

Sensible Coverage for Texas Practice Owners

Last Chance to Control Costs and Get Better Group Coverage for 2023

There’s Still Time to Control Costs and Get Better Health Insurance For 2023

Cost Control Countdown: Only Two Weeks Left To Take Advantage of Special Options for Better Health Insurance

8 Questions Owners and Independents Should Ask During Open Enrollment

Practice Owners and Independents - Get the Group Coverage You Want, Even Without Employees

Controlling Health Insurance Costs – Open Enrollment Special Options for Practice Owners

Practice Owners, Independents: Control Costs, Get Better Health Insurance For 2023

Plan for Change: Lock in Lower 2022 Health Insurance Rates For 2023

Last Chance to Control Costs and Get Better Group Coverage for 2023

Controlling Health Insurance Costs – Open Enrollment Special Options for Practice Owners

Independent Physicians: Get Group Health Insurance – Even With No Employees.

TMA Members: Get Up to $1 Million of Catastrophic Injury Coverage with Guaranteed Acceptance

Term Life in No Time: Get an Instant Decision on $500,000 of Term Life Insurance

Don’t Overpay For Home and Auto Coverage

Medicare Is Complicated – Getting Help Is Easy

Eligible Without Employees–Group PPO Health Insurance for Independent Physicians

Practice Owners and Independents - Get the Group Coverage You Want, Even Without Employees

Practice Owners, Independents: Control Costs, Get Better Health Insurance For 2023

TMA Members: Get Up to $1 Million of Catastrophic Injury Coverage with Guaranteed Acceptance

Term Life in No Time: Get an Instant Decision on $500,000 of Term Life Insurance

Eligible Without Employees–Group PPO Health Insurance for Independent Physicians

Special Insurance Savings For Women

Get Group PPO Health Insurance–Without Employees

Don’t Make This Expensive Mistake With Life Insurance

Speak with a TMA Insurance Trust Advisor:

TMA Member Business Overhead Expense plan is issued by The Prudential Insurance Company of America, Newark, NJ. The Booklet-certificate contains all details, including any policy exclusions, limitations and restrictions, which may apply. CA COA #1179, NAIC #68241. Contract Series 83500.
1061824-00001-00

Newsletter signup to receive our monthly newsletter

border