THE CLOCK IS TICKING

We know physicians have a lot on their plate. From the time you start work in the morning until the day is done you’re called on to make one decision after another. So right now the last thing you probably want to do is make a new decision about health insurance.

But time is running out for Open Enrollment – and this could be your last chance to find better health insurance for 2023.

There’s still time to get a plan that could help you control costs and provide more comprehensive benefits than the coverage you have now. In addition to offering top-rated group plans from leading national carriers, we can see if you’re eligible for certain options that may at this time be valuable to both practice owners and independent physicians.

Time is almost up. During Open Enrollment, practice owners and independent physicians have access to special options that could help them fight rising health insurance premium costs while securing better coverage. Two special waivers are helping many to qualify for group health insurance even if they don’t have employees and even if they only want group coverage for themselves and their family.

These waivers expire in two weeks, now is the time to see if you qualify. This may be the last year these options are available.

Doing the same thing the same way can sometimes be beneficial. As a physician, you have protocols of care that you follow for particular illnesses and diseases. But if a new, better form of treatment became available, would you dismiss it, or would you investigate its usefulness to your patients?

Are you feeling “sticker shock” over the price of group health insurance for your practice this year? If you have to pay more, let’s make sure every dollar counts and that you’re getting the most comprehensive health insurance possible for yourself and your practice. Here’s how TMA Insurance Trust is advocating for practice owners during Open Enrollment. 

At TMA Insurance Trust, we do not yet know the full scope of the rate increases for 2023 health insurance premiums, but we anticipate that they could be significant. While we can’t prevent that, we can tell you that you have an opportunity to lock in a lower 2022 rate for the next 12 months. If you currently have an individual HMO health insurance plan, there are special options available that could help you qualify for group health insurance and take advantage of this as well.

What happens to your practice if you can’t work? Disability insurance can help keep your household on track financially if you become too sick or injured to work, but what about your practice? Having an emergency savings fund established is beneficial, but in today’s inflationary economy, many practice owners may find that it will no longer keep their practice running for as long as they anticipated. 

You’re a practice owner and you’ve invested an incredible amount of time and energy to get where you are. Nobody knows this better than you.