Even for those who have health insurance, a serious illness can bring serious financial problems, as the following statistic shows:
The message is clear: health insurance can leave a serious coverage gap. How can you help protect your finances? Let us help you find one way: starting February 1, TMA Insurance Trust is offering members under age 65 guaranteed acceptance for $20,000 coverage of TMA Member Critical Illness Insurance.
Physicians are like everyone else in at least one respect – no one is immune to the possibility of a serious illness.
Every year, 720,000 Americans have a heart attack.1 Every 40 seconds a stroke occurs.2 And in the United States, the risk of developing cancer is 1 in 3 for both men and women.3
And here is another sobering thought: With the higher deductibles, copays and coverage limits of many of today’s health insurance plans, it’s very likely that your primary health insurance will not cover all the expenses related to a prolonged serious illness.
That is why we are offering TMA members guaranteed acceptance for $20,000 of critical illness insurance.
Most physicians carry health and disability insurance. But if a serious, potentially life-threatening illness were to strike, will your finances be adequately protected? Health insurance will cover some medical costs, and a disability policy will cover some of your lost salary. How could Critical Illness insurance help you in these circumstances? By paying a lump sum benefit of up to $250,000 when you're diagnosed with a serious, life-altering condition. Find out more about this coverage and how it can help you.
Surviving a serious illness can be one of the the biggest challenges of our life. It can consume most of our physical, mental and emotional strength. If we are lucky, we have support systems in place – with friends, colleagues and family members – to help us through.
But what about financial support? Have you thought about what might happen to your finances in the event of a serious illness? Have you given any thought to critical illness insurance?
Serious illness can strike at anytime, to anyone. As you are keenly aware, with recent medical advances, certain diseases that once were thought to be incurable are now survivable. Yet, surviving physically may leave you with another serious issue: How will you survive financially?
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.
With 800,000 strokes occurring in the United States each year according to the CDC, it’s quite necessary to dedicate an entire month to stroke awareness and education. In fact, a stroke occurs every 40 seconds in the U.S., earning it the fifth spot in leading causes of death.
