If you're an independent physician, you might assume your only health insurance option is an individual HMO plan. But what if there is a better way?
You might be one of the many independent physicians who've come to understand that 'independent' doesn't always imply owning a large practice with a full staff. It may refer to physicians practicing as a PLLC or LLC, or even employed physicians who don't receive employer-sponsored benefits. You may be seeking more flexibility, thereby freeing yourself from the administrative and financial responsibilities that come with owning your practice.
We have done the research to help independent physicians across Texas access group PPO health insurance, even if they have no employees. This isn’t just about flexibility; it’s about helping you secure better coverage at a cost that is comparable to an individual HMO plan.
Unlock Group PPO Coverage
Whether you're a solo practitioner, part of a partnership, or an employed physician without benefits, group health coverage – including PPO plans – may be within your reach. Here's how TMA Insurance Trust can help independent physicians secure the coverage they prefer:
- For practice owners with group coverage for their practice, there are opportunities to help control costs and offer your employees health insurance, with a mix of group PPO and HMO plans.
- For practice owners with staff on their own health coverage (a spouse’s plan or that of another provider), you may be able to get group PPO coverage just for yourself and your family.
- For partners with no W-2 employees, you may be eligible for group coverage only for yourself. You’ll need to provide partnership documentation and the company’s SS4 or a recent K-1 (Form 1065).
- For physicians who own a business with their spouse, or whose spouse is a W-2 wage employee, you may qualify for group coverage even without partnership documentation.
- For physicians who would like to establish a Health Savings Account (HSA), you can select an eligible high-deductible health plan to manage costs better and open an HSA. These accounts offer tax advantages, spending flexibility, and ongoing saving and investment opportunities.
- For physicians starting their own practice, TMA Insurance Trust can help you set up a customized group plan that aligns with your practice's needs.
While an individual HMO plan is a good option for some, group PPO plans often offer a wider network of providers. This would allow you more freedom to choose your doctors and specialists without the need for referrals. It’s worth investigating how this broader access and versatility could benefit you.
Dedication. Support. Savings.
Over 800 practices across Texas have chosen TMA Insurance Trust as their Agent of Record, and they are now supported by the high level of care and service we provide. For over 70 years, TMA Insurance Trust has proven its commitment to making physicians’ health plans work for their unique needs. We work directly with insurance carriers on your behalf, and our advisors do not receive sales-based commissions, ensuring our recommendations are always in your best interest.
If you're an independent physician and you're wondering what health insurance options are truly available to you, it's worth a conversation. Don't assume an individual HMO is your only path. Contact a TMA Insurance Trust advisor today at 800-880-8181, Monday through Friday, 8:00 AM to 5:00 PM CST, to explore your possibilities.
