Health insurance covers medical treatments, but what about the many other expenses a serious illness can bring? The TMA Member Critical Illness Insurance plan, issued by the Prudential Insurance Company of America, is designed to assist with these additional costs. To help you understand how the plan works and highlight its value, here’s a step-by-step walkthrough.
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?
As a physician at the start of my career,* I’m always looking for ways to learn from those who’ve been practicing longer than I have. So when one of the senior surgeons I’ve always respected sat down across from me during a quick lunch break between procedures, I listened.
As a Texas physician, your ability to earn an income and care for your loved ones is one of your most valuable assets. An unexpected illness or injury can prevent even the most dedicated physician from practicing, and without adequate protection, this can lead to financial hardship for you and your family.
As a TMA Insurance Trust advisor,* I talk with physicians at all stages of their careers about their life insurance, what they might need, and the gaps they haven’t yet considered. One story in particular stood out.
Most of us think of insurance in practical terms: you pay a premium, and if something happens, you file a claim. But what if it could do more? What if its value reached further than your own protection? What if it already was, and you just didn’t know it?
Disability insurance can be hard to decode. And when the benefits physicians value most—like specialty-specific protection or the ability to increase coverage over time—are treated as costly extras, it’s easy to lose sight of whether your policy truly reflects the value of your income. The result? Coverage that’s more confusing and potentially more expensive than it should be.
You can’t predict when or where a serious accident might happen—on the road driving to work, during your daily routines, or while traveling for vacation or to a conference. But you can take steps now to help protect your family from the financial toll if the unexpected happens to you.
