Working as a locum or contractor can be incredibly appealing: greater flexibility, higher pay, and more opportunities to travel or spend time with loved ones. If you’re looking for a better work/life balance, this path might feel like exactly what you need at this stage of life.
Group health insurance is often labeled a benefit only large practices can get, but that’s not the full picture. Depending on your situation, you might have more options than you think.
Having the right health plan is about more than just checking a box. It’s a way to help protect yourself, your family, and your practice. It’s not just about flexibility or having more providers in-network—a well-chosen plan may help you keep rising healthcare costs in check.
Your practice stands as a testament to your life’s work, representing years of dedication, commitment, and hard work. You’ve built a career that gives you the independence to provide the best care for your patients while working to secure your financial future. But if a sudden injury or illness prevented you from practicing, how long could your business be sustained without you?
Dr. Carter had a routine.* Morning coffee. Clinic by eight. She had a full schedule of patients who counted on her steady hands and sharp mind. After years of training and sacrifice, life finally felt comfortable. Her income covered the mortgage, her kids’ activities, and the growing retirement fund she’d worked hard to build.
As a physician you dedicate your time to providing your patients with the best possible care. With your busy schedule, it’s easy to overlook the importance of reassessing your life insurance policy to ensure you have the right protection in place. However, life insurance is one of the most important financial tools to help provide increased security for your loved ones in the event something were to unexpectedly happen to you.
Your skills and expertise are more than just part of your profession—they’re your greatest assets. They’ve shaped your career, supported your goals, and helped you build a strong financial foundation. But your ability to earn an income isn’t guaranteed. An illness or injury could unexpectedly take you away from your practice, creating uncertainty at a time when security matters most.
If an unexpected illness or injury disrupted your ability to work, would your finances be able to support you? Residents and young physicians are especially at risk because they are most likely facing financial obligations such as education loans, mortgage or rent payments, and auto payments, among other expenses.
How would you handle a diagnosis that changes everything? Critical illnesses often progress silently, catching you off guard and leaving little time to prepare. In those moments, wouldn’t knowing you have guaranteed financial support be reassuring? Life doesn’t offer guarantees, but the TMA Member Critical Illness Insurance plan does.
