If you ask most independent practice owners, chances are they will tell you that owning a medical practice can be immensely rewarding – but also very challenging.
On the one hand, you have the freedom to practice medicine on your own terms. But you also have an added layer of responsibilities. You are not only responsible for the care of your patients, but you must also look out for the welfare of those who work beside you every day.
So if for some reason you were not able to go to work – if you were ill or unexpectedly injured – that could have significant financial ramifications for you, for your staff and for your practice.
On top of that, what would happen to your personal finances? How would you and your family get by if you were unable to work for an extended period of time?
Insurance Protection For Your Income And Your Practice
At TMA Insurance Trust we honor your independent spirit and commitment to help others. And we want to help you protect what you have worked so hard to build.
We therefore recommend two kinds of insurance coverage for independent practice owners – one to help protect your personal income and one to help keep your practice up and running if you cannot work because of illness or injury.
To help make it easier for you to obtain both of these types of coverage The TMA Insurance Trust is providing a very significant savings opportunity.
1-800-880-8181 7:30 – 5:30 CST Monday – Friday
We Get to Say Thank You – You Get to Pay 25% Less
We are currently providing a 25% Thank You Credit to anyone who enrolls in either or both the TMA Member Long Term Disability Insurance Plan (LTD) or the TMA Member Business Overhead Expense Plan (BOE) – issued by The Prudential Insurance Company of America.
The credit is equal to 25% of your insurance premiums. That means your premium payments will be 25% lower* – which could effectively save you thousands of dollars over the life of each policy.
This is our way of saying “Thank You” for all you do to help others and to show our appreciation and support for you as a TMA member.
Income Protection With Affordable Rates
The TMA Member Long Term Disability Plan is designed to provide attractive rates for quality disability insurance from a national carrier. And now with our 25% Thank You Credit it can be even more affordable.
The application process for The TMA Member Long Term Disability Plan is quick and simple. TMA members under age 50 can apply for a benefit of up to $10,000/month with simplified underwriting and benefits of up to $15,000/month are available with full underwriting.
In addition, even if you have long term disability insurance from another carrier, you can get a benefit of up to $4,000/month – regardless of any benefit you receive from another plan. So if your income and family have grown since you obtained that coverage you might want to supplement your current plan to give your finances and your family added insurance protection.
Highlights of the LTD plan include:
- 25% Thank You Credit – Lowers premium payments by 25%
- Quick and simple application
- Cost of Living Adjustment option
- Student Loan Reimbursement benefit at no additional cost
- Annual opportunity to increase coverage up to age 45
- Catastrophic Disability Benefit – Receive up to 20% additional benefit for covered catastrophic disability
Important Insurance Protection For Your Practice
While disability insurance can help protect your personal income, The TMA Member Business Overhead Expense Plan is designed to help protect your practice if you cannot work due to illness or injury.
During your absence it can help pay for rent, employee salaries, taxes, utilities, office supplies, and more. It can even help pay for the cost of a locum tenens physician to cover for you while you recuperate.
The TMA Member Business Overhead Expense Plan can also help protect your personal finances, because it allows you to use your disability insurance benefits for what they were intended – to help replace your personal income and support your family’s quality of life. Plus, it can also help you avoid having to tap into your personal savings or retirement funds to cover the expenses of your practice.
A Valuable BOE Plan From a Top Carrier
The TMA Member Business Overhead Expense Plan offers features you may not find in other plans from top-rated carriers. Highlights of the plan include:
- New lower cost – With the 25% Thank You Credit your premium payments will be 25% lower, which could save you thousands of dollars over the life of the policy
- Up to $1.2 million in benefits – Up to $50,000 in monthly benefits paid for up to 2 years to cover the ongoing expenses of your practice
- Longer payment of benefits – Benefits paid for up to 24 months – most plans in Texas pay for only 12 months.
- You are paid for the waiting period – The first payment is made retroactively after you have been disabled for 30 consecutive days
- You do not pay while you’re disabled – Your premium payments are waived while you are disabled so there is no cost to you while receiving benefits
Ask Us About Your Options
We hope our 25% Thank You Credit will provide an opportunity for you to consider the advantages of having these two types of essential protection. We recognize, however, that you may have further questions about the benefits of each.
So please don’t hesitate to speak with one of our advisors. They have years of experience helping independent practice owners find the protection that works best for them. And they do not receive sales-based commissions so the guidance you receive will always be unbiased – without pressure or obligation.
We’ve made it easy to take advantage of our 25% Thank You Credit to help protect your income and your practice. You can return the form below and an advisor will get back to you shortly, or you can apply directly online by clicking the image below or feel free to call us Monday to Friday, 7:30am to 5:30pm CST at 1-800-880-8181.
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.