Unlock Major Savings with Own Specialty Disability Insurance: Your Ultimate Enrollment Guide

Unlock Major Savings with Own Specialty Disability Insurance: Your Ultimate Enrollment Guide

Every year, there’s a unique opportunity that presents itself to physicians across the country: the chance to save considerably on an essential aspect of financial security. Welcome to the annual open enrollment for Own Specialty Disability Insurance with InsuranceMD.

Why is this enrollment so significant?

For starters, let’s understand the rarity of the offering. Out of all the insurance carriers out there, only six truly offer Own Specialty Disability Insurance tailored for physicians. These are:

  • Ameritas
  • Guardian
  • MassMutual
  • Mutual of Omaha
  • Principal
  • The Standard

Certain carriers may provide multi-life discounts. These exclusive discounts are available to physicians who share a common workplace, either through their employment or because they have staff privileges at select hospitals.

The InsuranceMD Advantage

Here’s where InsuranceMD makes its mark. We’re one of the select few vetted agencies authorized to administer these valuable benefits. Our Principal agent holds a license in all 50 US states, ensuring comprehensive and compliant services for every physician across the country.

What’s ‘True’ about Own Specialty Disability Insurance?

A True Own Specialty Disability Insurance policy does more than just pay out if you fall sick or get injured. It focuses on your ability to work in your medical specialty. So, if a particular illness or injury impairs your ability to perform in your medical specialty, this insurance ensures a tax-free income replacement. The best part? If you decide to venture into another occupation, your policy will continue to pay your full tax-free benefit.

Cost Matters

Such comprehensive coverage can indeed be expensive. On average, Own Specialty Disability insurance will cost you about 6% of your gross monthly earnings. However, through enrollment, most physicians find themselves paying premiums that equal just 2% of their gross monthly earnings. That’s not just a saving; that’s a substantial financial benefit.

Busting a Common Myth

A common misconception is that your employer’s insurance has got you covered. Time for a reality check. The so-called Own Specialty coverage you might think you have through your employer doesn’t measure up. These plans are typically taxable and don’t grant you the flexibility or the comprehensive protection you’d expect, especially if you decide to take up a different profession. Most shockingly, many don’t even cover work-related injuries.

The Bottom Line

For physicians, having Own Specialty Disability Insurance isn’t just an option; it’s a necessity. InsuranceMD, through enrollment, ensures you get this vital coverage without burning a hole in your pocket.

Don’t miss out on this golden opportunity. Begin your enrollment today. Schedule a consultation with our licensed agents, and let’s secure your future, together.

Open Enrollment sign up

Contact InsuranceMD

We are here to answer your questions about a new Own Specialty Disability Insurance or even your current policy.
We will evaluate your policy at no charge!

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