--- title: Must-Know Facts About Supplemental Coverage for Physicians description: Supplemental coverage for physicians is designed to help fill gaps in medical coverage. When life events arise, you can protect yourself and your family with an extra level of defense provided by a supplemental insurance plan. image: https://www.tmait.org/hubfs/Blog_Images/Must-Know-Facts-About-Supplemental-Coverage-for-Physicians.jpg --- - [800-880-8181](tel:800-880-8181) - [CONTACT US](https://www.tmait.org/contact) - [SELF-SERVICE PORTAL](https://tmait.aebsys.com/#/) [![](https://www.tmait.org/hs-fs/hubfs/TMA%20Insurance%20March%202019/Image/logo.png?width=197&name=logo.png)](https://www.tmait.org/) Topics All Accident Insurance Accidental Death and Dismemberment Auto & Home Insurance Auto Insurance Business of Medicine Business Overhead Expense Insurance Comparing Insurance Providers COVID-19 FAQs Critical Illness Insurance Dental Insurance Disability Insurance Employed Physicians Family Featured Financial Advice Group Benefits Group Coverage Health Insurance Homeowners Insurance HSA Independent Contractor Independent Physician Individual Coverage Insurance For Good Insurance for Women Insurance Review Key Person Insurance Life Events Life Insurance Locum Tenens Medevac Insurance Medical Insurance Medical Practice Medicare Medicare Part D Medicare Supplement Medigap Nearing Retirement Office Overhead Expense Insurance Open Enrollment Personal Umbrella Insurance Pet Insurance Practice Management Practice Managers Practice Owners Prescription Drug Coverage Renters Insurance Residents Retired Physicians Retirement Short Term Disability Short-Term Medical Insurance Supplemental Hospital Indemnity Insurance Term Life Insurance Travel Insurance Vision Insurance Women Physicians Young Physicans Young Physicians ![](https://www.tmait.org/hubfs/Blog_Images/Must-Know-Facts-About-Supplemental-Coverage-for-Physicians.jpg) [Supplemental Hospital Indemnity Insurance](https://www.tmait.org/blog/topic/supplemental-hospital-indemnity-insurance) # Must-Know Facts About Supplemental Coverage for Physicians 13 July 2015 As a physician, you are well aware of the benefits of traditionally-known insurance types, such as standard health, life and disability. While these plans are crucial in terms of protection, what if you prefer covering high deductible costs, out-of-pocket expenses your regular insurance plan does not cover, or suddenly face a critical illness that will require having extra cash on hand? When these life events arise, you can protect yourself and your family with an extra level of defense provided by a supplemental insurance plan. Supplemental coverage for physicians such as Critical Illness Insurance, Accidental Death & Dismemberment/Accidental Health Insurance, and Supplemental Hospital Indemnity Insurance can be extremely valuable during your time of greatest need. But before exploring how to evaluate potential supplemental coverage, let’s take a closer look at several types you may want to consider: - **Critical Illness Coverage** – Also known as disease-specific insurance, a Critical Illness Insurance policy can [ease the financial burden](https://blog.tmait.org/for-stroke-awareness-month-consider-critical-illness-insurance) of dealing with a serious illness, such as cancer or stroke. Depending on your policy type, you can receive a lump-sum benefit that can help you pay for additional costs related to your illness that may not be covered by your standard health insurance policy. Some expenses typically paid with this lump sum are deductibles, travel and hotel if seeking treatment far from home, paying for experimental treatment, childcare costs, and other living expenses such as car payments, groceries and mortgages. - **Accidental Death & Dismemberment/Accidental Health** – While these are two different types of accident policies, they are oftentimes combined with one another. These policies have benefits that range from state to state depending on insurance regulations. With an Accidental Death & Dismemberment policy, a lump sum is given to the beneficiary of an individual if he/she dies in an accident. Smaller policy benefits may be paid if someone does not lose his or her life but does lose a limb, eyesight or suffers from some type of paralysis. This type of insurance plan is for accidents only. It will not pay a benefit if someone commits suicide or dies from an illness or natural causes. With Accidental Health Insurance, you can receive help to pay medical costs that arise from an accident which are not covered by your regular health insurance policy. Depending on your plan, this type of insurance can also help pay for extended home care services and lodging/travel for family members. - **[Hospital Indemnity Insurance](https://blog.tmait.org/why-you-should-consider-getting-supplemental-hospital-indemnity-insurance)** – This type of insurance offers a cash benefit given in one lump sum or daily/weekly payments if you are confined to the hospital with a serious injury or illness. Benefits may not start until a minimum waiting period and are most often used to help pay for extra services not covered by typical health insurance plans. ***[***Have questions about your insurance needs?***](https://info.tmait.org/talk-with-an-advisor)*** [***We're here to help. Call or click today***](https://info.tmait.org/talk-with-an-advisor) ***[800-880-8181](tel:800-880-8181)*** ***7:30 – 5:30 CST Monday – Friday*** Now that you are more familiar with several types of supplemental insurance coverage plans, here are four tips to keep in mind when considering which plan may be appropriate for you: 1. **Understand the plan’s benefits and conditions** – When speaking with your advisor about supplemental insurance coverage, be sure to ask about specific details regarding waiting periods, the types of illnesses covered by the policy, or if there are certain requirements to fulfill in order to claim your benefits. 2. **Inquire about cost and increases** – Costs for supplemental insurance plans vary depending on your age, health, the type of coverage and the amount of the benefit. Be sure to inquire if the plan you choose will have scheduled increases in premium. You do not want to let go of coverage in future years, at times when you may need it most, because of price. 3. **Review your current coverage** – A [skilled advisor](https://www.tmait.org/contact-us/) can help you review your current health and disability insurance to determine if it is in your best interest to add a supplemental policy to the mix. The goal is to be adequately protected no matter what type of crisis occurs in the future. As a physician, it is crucial to protect your income and lifestyle should an unexpected event occur. If you are seeking a way to receive extra help with high out-of-pocket deductibles, or want increased protection when it comes to specific illness coverage, accidents and more, a [supplemental coverage policy](https://blog.tmait.org/a-deeper-look-at-what-voluntary-benefits-can-do-for-your-practice) may be right for you. With lump sum benefits that can be used for mortgages, travel, experimental treatment, childcare and more, [contact](https://www.tmait.org/contact-us/) your trusted advisor today about which supplemental insurance plan would best benefit your needs and situation. [![Speak_to_a_TMAIT_Advisor_3.png](https://www.tmait.org/hs-fs/hubfs/Speak_to_a_TMAIT_Advisor_3.png?width=750&height=375&name=Speak_to_a_TMAIT_Advisor_3.png)](https://info.tmait.org/talk-with-an-advisor) ** [ Supplemental Hospital Indemnity Insurance ](https://www.tmait.org/blog/topic/supplemental-hospital-indemnity-insurance) [, Accident Insurance ](https://www.tmait.org/blog/topic/accident-insurance) ** [Critical Illness Insurance](https://www.tmait.org/blog/topic/critical-illness-insurance) [**Previous Entries](https://www.tmait.org/blog/loan-repayment-vs.-investment-for-new-physicians-understanding-your-options) [Next Entries**](https://www.tmait.org/blog/6-key-benefits-of-medical-evacuation-protection-for-texas-physicians) ## Recommended Posts ### [TMA Members: Get Help Paying for Hospital Bills](https://www.tmait.org/blog/tma-members-get-help-paying-for-hospital-bills) ### [3 Tips for Choosing the Right Hospital Indemnity Insurance to Fit Your Needs](https://www.tmait.org/blog/3-tips-for-choosing-the-right-hospital-indemnity-insurance-to-fit-your-needs) ### [4 Facts You Need to Know About Hospital Indemnity Insurance](https://www.tmait.org/blog/4-facts-you-need-to-know-about-hospital-indemnity-insurance) ### [A Deeper Look at What Voluntary Benefits Can Do For Your Practice](https://www.tmait.org/blog/a-deeper-look-at-what-voluntary-benefits-can-do-for-your-practice) ### [Why You Should Consider Getting Supplemental Hospital Indemnity Insurance](https://www.tmait.org/blog/why-you-should-consider-getting-supplemental-hospital-indemnity-insurance) ### [Avoiding The High Cost of Silent Illnesses](https://www.tmait.org/blog/avoiding-the-high-cost-of-silent-illnesses-critical-illness) ### [A View from the Other Side of the Stethoscope](https://www.tmait.org/blog/a-view-from-the-other-side-of-the-stethoscope-critical-illness) ### [When a High-Deductible Health Plan Meets Critical Illness](https://www.tmait.org/blog/when-a-high-deductible-health-plan-meets-critical-illness) ### [You Treat Illness, But Can You Afford It? Secure Your $20K Benefit](https://www.tmait.org/blog/you-treat-illness-but-can-you-afford-it-secure-your-20k-benefit) ### [Critical Illness Protection: Your TMA Member Plan Explained](https://www.tmait.org/blog/critical-illness-protection-your-tma-member-plan-explained) ### [$20,000 in Critical Illness Coverage: Don't Miss this Valuable Membership Benefit](https://www.tmait.org/blog/20000-in-critical-illness-coverage-dont-miss-this-valuable-membership-benefit) ### [Two Powerful Guarantees: Critical Illness Coverage Designed for Texas Physicians](https://www.tmait.org/blog/two-powerful-guarantees-critical-illness-coverage-designed-for-texas-physicians) ### [Secure $20,000 of Critical Illness Coverage for You, $10,000 for Your Partner](https://www.tmait.org/blog/secure-20000-of-critical-illness-coverage-for-you-10000-for-your-partner) ### [Unexpected Doesn't Have to Mean Unprepared This Summer](https://www.tmait.org/blog/unexpected-doesnt-have-to-mean-unprepared-this-summer) ### [Don’t Let an Accident Wreck Your Budget](https://www.tmait.org/blog/dont-let-an-accident-wreck-your-budget) ### [Accidents Don’t Take a Summer Break - Be Prepared](https://www.tmait.org/blog/accidents-dont-take-a-summer-break-be-prepared) ### [Help Secure Your Finances Against Life’s Unexpected Accidents](https://www.tmait.org/blog/help-secure-your-finances-against-lifes-unexpected-accidents) ### [A Financial Safety Net for Life's Unexpected Events](https://www.tmait.org/blog/a-financial-safety-net-for-lifes-unexpected-events) ### [Stay Safe, Play Smart: Help Protect Your Adventures with Accident Insurance](https://www.tmait.org/blog/stay-safe-play-smart-help-protect-your-adventures-with-accident-insurance) ### [Medical Insurance May Not Cover All Your Costs After An Accident](https://www.tmait.org/blog/medical-insurance-may-not-cover-all-your-costs-after-an-accident) ### [Minimize the Financial Impact of Accidental Injuries with the TMA Member Accident Insurance Plan](https://www.tmait.org/blog/minimize-the-financial-impact-of-accidental-injuries-with-the-tma-member-accident-insurance-plan) ## Speak with a TMA Insurance Trust Advisor: ### Latest Post ![A New Alternative for Group Health Insurance](https://www.tmait.org/hubfs/July%202026/July%202026%20Week%201%20-%20Group%20Health.png) ### [A New Alternative for Group Health Insurance](https://www.tmait.org/blog/a-new-alternative-for-group-health-insurance-group-benefits) Jul. 04 2026 ![Why Going It Alone on Group Health Coverage Costs Your Practice](https://www.tmait.org/hubfs/June%202026/June%202026%20Week%204%20-%20Group%20Health.png) ### [Why Going It Alone on Group Health Coverage Costs Your Practice](https://www.tmait.org/blog/why-going-it-alone-on-group-health-coverage-costs-your-practice-group-benefits) Jun. 27 2026 ![Dental Insurance and the Habits It Helps Shape](https://www.tmait.org/hubfs/June%202026/June%202026%20Week%203%20-%20Dental.png) ### [Dental Insurance and the Habits It Helps Shape](https://www.tmait.org/blog/dental-insurance-and-the-habits-it-helps-shape) Jun. 20 2026 ![Unexpected Doesn't Have to Mean Unprepared This Summer](https://www.tmait.org/hubfs/June%202026/June%202026%20Week%202%20-%20Accident.png) ### [Unexpected Doesn't Have to Mean Unprepared This Summer](https://www.tmait.org/blog/unexpected-doesnt-have-to-mean-unprepared-this-summer) Jun. 13 2026 ### POPULAR TOPICS - [Practice Owners (218)](https://www.tmait.org/blog/topic/practice-owners) - [Women Physicians (182)](https://www.tmait.org/blog/topic/women-physicians) - [Independent Physician (175)](https://www.tmait.org/blog/topic/independent-physician) - [Young Physicians (163)](https://www.tmait.org/blog/topic/young-physicians) - [Insurance for Women (162)](https://www.tmait.org/blog/topic/insurance-for-women) - [Employed Physicians (155)](https://www.tmait.org/blog/topic/employed-physicians) - [Locum Tenens (136)](https://www.tmait.org/blog/topic/locum-tenens) - [Residents (134)](https://www.tmait.org/blog/topic/residents) - [Disability Insurance (128)](https://www.tmait.org/blog/topic/disability-insurance) - [Health Insurance (127)](https://www.tmait.org/blog/topic/health-insurance) - [Practice Managers (94)](https://www.tmait.org/blog/topic/practice-managers) - [Life Insurance (86)](https://www.tmait.org/blog/topic/life-insurance) - [Independent Contractor (84)](https://www.tmait.org/blog/topic/independent-contractor) - [Open Enrollment (73)](https://www.tmait.org/blog/topic/open-enrollment) - [Group Benefits (65)](https://www.tmait.org/blog/topic/group-benefits) - [Group Coverage (61)](https://www.tmait.org/blog/topic/group-coverage) - [Retired Physicians (59)](https://www.tmait.org/blog/topic/retired-physicians) - [Individual Coverage (58)](https://www.tmait.org/blog/topic/individual-coverage) - [Nearing Retirement (57)](https://www.tmait.org/blog/topic/nearing-retirement) - [Family (52)](https://www.tmait.org/blog/topic/family) - [Medicare (43)](https://www.tmait.org/blog/topic/medicare) - [Medical Practice (39)](https://www.tmait.org/blog/topic/medical-practice) - [Business Overhead Expense Insurance (35)](https://www.tmait.org/blog/topic/business-overhead-expense-insurance) - [Practice Management (35)](https://www.tmait.org/blog/topic/practice-management) - [Critical Illness Insurance (33)](https://www.tmait.org/blog/topic/critical-illness-insurance) - [Medicare Part D (31)](https://www.tmait.org/blog/topic/medicare-part-d) - [Dental Insurance (30)](https://www.tmait.org/blog/topic/dental-insurance) - [Medicare Supplement (29)](https://www.tmait.org/blog/topic/medicare-supplement) - [Life Events (28)](https://www.tmait.org/blog/topic/life-events) - [Insurance For Good (26)](https://www.tmait.org/blog/topic/insurance-for-good) - [Business of Medicine (25)](https://www.tmait.org/blog/topic/business-of-medicine) - [Auto Insurance (21)](https://www.tmait.org/blog/topic/auto-insurance) - [Accident Insurance (20)](https://www.tmait.org/blog/topic/accident-insurance) - [Homeowners Insurance (19)](https://www.tmait.org/blog/topic/homeowners-insurance) - [Retirement (15)](https://www.tmait.org/blog/topic/retirement) - [Short Term Disability (15)](https://www.tmait.org/blog/topic/short-term-disability) - [Young Physicans (15)](https://www.tmait.org/blog/topic/young-physicans) - [Medical Insurance (12)](https://www.tmait.org/blog/topic/medical-insurance) - [Featured (11)](https://www.tmait.org/blog/topic/featured) - [Medigap (11)](https://www.tmait.org/blog/topic/medigap) - [Accidental Death and Dismemberment (10)](https://www.tmait.org/blog/topic/accidental-death-and-dismemberment) - [HSA (10)](https://www.tmait.org/blog/topic/hsa) - [Personal Umbrella Insurance (10)](https://www.tmait.org/blog/topic/personal-umbrella-insurance) - [Insurance Review (9)](https://www.tmait.org/blog/topic/insurance-review) - [Renters Insurance (9)](https://www.tmait.org/blog/topic/renters-insurance) - [Term Life Insurance (9)](https://www.tmait.org/blog/topic/term-life-insurance) - [Auto & Home Insurance (8)](https://www.tmait.org/blog/topic/auto-home-insurance) - [Supplemental Hospital Indemnity Insurance (6)](https://www.tmait.org/blog/topic/supplemental-hospital-indemnity-insurance) - [Travel Insurance (6)](https://www.tmait.org/blog/topic/travel-insurance) - [Comparing Insurance Providers (3)](https://www.tmait.org/blog/topic/comparing-insurance-providers) - [Pet Insurance (3)](https://www.tmait.org/blog/topic/pet-insurance) - [Short-Term Medical Insurance (3)](https://www.tmait.org/blog/topic/short-term-medical-insurance) - [Medevac Insurance (2)](https://www.tmait.org/blog/topic/medevac-insurance) - [Office Overhead Expense Insurance (2)](https://www.tmait.org/blog/topic/office-overhead-expense-insurance) - [Vision Insurance (2)](https://www.tmait.org/blog/topic/vision-insurance) - [COVID-19 FAQs (1)](https://www.tmait.org/blog/topic/covid-19-faqs) - [Financial Advice (1)](https://www.tmait.org/blog/topic/financial-advice) - [Key Person Insurance (1)](https://www.tmait.org/blog/topic/key-person-insurance) - [Prescription Drug Coverage (1)](https://www.tmait.org/blog/topic/prescription-drug-coverage) [See all](https://www.tmait.org/blog/must-know-facts-about-supplemental-coverage-for-physicians#) ### Newsletter signup to receive our monthly newsletter [* * Request a Quote](https://www.tmait.org/blog/must-know-facts-about-supplemental-coverage-for-physicians#bott-scroll) ![border](https://www.tmait.org/hs-fs/hubfs/TMA%20Insurance%20March%202019/Image/border.png?width=1200&name=border.png "border") ### Quick Links - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Home](https://www.tmait.org/) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Testimonials](https://www.tmait.org/testimonials) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [About](https://www.tmait.org/about) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Privacy Policy](https://www.tmait.org/privacy-policy) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Contact](https://www.tmait.org/contact) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Resources](https://www.tmait.org/resources) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Our Blog](https://www.tmait.org/blog) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Self-Service Portal](https://tmait.aebsys.com/#/) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Insurance For Good](https://www.tmait.org/blog/insurance-for-good) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Anticipate Joy](https://www.tmait.org/anticipate-joy) ### Connect With Us - [* *](https://www.facebook.com/TMAInsuranceTrust) - [* *](https://twitter.com/TMAIT) - [* *](https://www.youtube.com/user/TMAInsuranceTrust) We were created and are exclusively endorsed by the [Texas Medical Association](https://www.texmed.org/) © 2026 TEXAS MEDICAL ASSOCIATION INSURANCE TRUST © 2026 TEXAS MEDICAL ASSOCIATION INSURANCE TRUST ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/956622860/?value=0&guid=ON&script=0) ![](https://analytics.twitter.com/i/adsct?txn_id=l5yi3&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0) ![](https://t.co/i/adsct?txn_id=l5yi3&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0) ![](https://analytics.twitter.com/i/adsct?txn_id=nukif&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0) ![](https://t.co/i/adsct?txn_id=nukif&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0)