Is The Gap in Your Employer Disability Insurance Putting You at Risk?
Many employed physicians assume their income is fully protected with their workplace benefits. This may not be the case.
Employer-provided plans typically cover only 60% of your base salary. Bonuses and incentive payments may not be covered.
Furthermore, employer-paid disability payouts may be taxed as income. Those taxes could significantly reduce your disability income just when you need it the most.
Another important consideration is that most employer-paid disability plans are not portable. If you change jobs you may find your new employer's plan offers less coverage, or none at all.
Securing your own personal disability insurance has many advantages. When you pay the premiums yourself with after tax dollars, your benefits are not taxed, so the full amount goes directly into your pocket. Plus, a personal policy is portable. If you move to another hospital or go into private practice your disability protection will go with you.
The TMA Member Long Term Disability plan issued by The Prudential Insurance Company of America offers a 25% premium credit* and a streamlined online application available below. Additionally, we offer plans from leading carriers in Texas with exclusive savings for TMA members. We will help you find the plan, or combination of plans that work for you.
TMA members looking for individual disability insurance can apply online for the TMA Member Long Term Disability Plan issued by The Prudential Insurance Company of America. To get started quickly and easily click below.Click to Apply
Our disability advisors are available weekdays from 7:30 a.m. to 5:30 p.m. CST to answer your questions, review your current insurance coverage, and help you get coverage for you, your family, and your practice. Call us at 1-800-880-8181.Click to Call