As the year draws to a close and you consider health insurance plans for 2024, we'd like to bring to your attention to some special options available through TMA Insurance Trust that may significantly enhance your coverage.

It's a perennial challenge – securing quality group health insurance without breaking the bank. And in 2024, with costs expected to rise, the struggle is more palpable. Ensuring optimal coverage without straining your practice's finances can often feel like tightrope walking. But the good news? You don't have to walk it alone.

The current climate of inflation predicts a significant increase in all health insurance premium rates for 2024. Whether you are an independent physician or a practice owner who buys your own coverage, any increase in your health insurance premiums would be challenging to anticipate. In order to obtain better health insurance for most of 2024, we are offering physicians the opportunity to lock in lower 2023 group health insurance rates now for the next 12 months.

The word independent holds diverse interpretations for different individuals, making it a subjective and multifaceted concept. To many people, the definition of an independent physician used to mean a practice owner. Today, that definition is not so clear-cut. More physicians are desiring to practice as medical professionals without taking on the ongoing responsibilities of business ownership.

When dealing with a health crisis, you may recommend that your patient get a second opinion or, depending on the situation, see a specialist. Take your own advice and get a second opinion about the group health insurance plan you choose for your practice. TMA Insurance Trust advisors specialize in helping physicians in Texas to find better group health insurance plans, get better service, and in some cases, even better rates.

Waivers and options available during Open Enrollment can make it a beneficial time for physicians to get the group PPO health insurance coverage they prefer more affordably. However, it’s not the only opportunity during the year to access better health insurance while controlling costs.

Whether you own a large or small group practice or work independently, in today’s economy, most physicians have one goal in common: to find ways to reduce expenses. And typically, one of the most significant expenses for physicians is the cost of health insurance.

TMA Insurance Trust is focused on helping all Texas physicians manage costs and operate more efficiently. So we want you to know about special health insurance options that can help you control costs and get the coverage you really want. This goes for practice owners and independents – for those with, as well as those without, employees.

Don’t miss out on your last chance to access special options and waivers that may allow you to control premium costs and get better group health insurance for the new year. Qualifying practice owners and independent physicians must have their completed documents submitted before end of day on December 12, 2022 for a January 1, 2023 start date.