When it comes to your financial health, a significant risk often hidden in plain sight might be in your employer’s long term disability benefit package. As an employed physician, you may assume your income is fully protected because you already have disability coverage through work. It feels like a solid foundation, and in many ways, it is. But as your career and income grow, that foundation can develop significant gaps.
In working with independent physicians, we know that a practice represents more than a business. It reflects a commitment to patients and plays an important role in supporting a family’s future. When an illness or injury takes you away from your work, the impact of lost income is often felt in two places at once.
For many physicians, insurance feels like just another line item on a budget. But what if your insurance could do more than just sit there? At TMA Insurance Trust, we believe that our purpose extends far beyond managing your policies. Founded by physicians, we understand the professional and personal realities and sacrifices of practicing medicine firsthand.
Practicing independently offers a level of professional freedom that many physicians value. It also means taking on responsibilities that rarely come up during medical training. Health insurance is often one of the more time-consuming pieces to sort through.
Life is a constant balancing act. Within your grueling schedule, you’ve meticulously stacked your commitments: caring for patients, charting, procedures, and the occasional family function. Unfortunately, there is one more critical block in this tower that often goes unnoticed until the entire structure comes crashing down.
Lately, I’ve noticed a recurring theme in my conversations with physicians who call TMA Insurance Trust about life insurance.* Many begin their search online, drawn to sites promising coverage in minutes with no medical exam. The appeal is understandable. It’s quick. It’s digital. It feels simple.
We make hundreds of decisions a day. Some are made without a conscious thought, while others require us to pause and weigh the pros and cons. For major health decisions, you know the value of a second opinion to ensure the best outcome. Why should your group health insurance be any different? As premiums rise industry-wide, many physicians find themselves rushed into plans that don't quite fit.
Many physicians purchase life insurance early in their careers, during residency or the first few years of practice, when it is typically most affordable. Once in place, however, it may remain unchanged for years. Yet life does not stand still.
