For physicians, losing the capacity to earn a living due to disability can be an extremely devastating experience. This is particularly concerning when faced with mounting financial woes related to medical care, or even just contending with daily expenses.
That’s why finding the right physician disability insurance can be essential to protecting the things that matter most. The first step towards procuring a policy that suits your specific needs is gaining a firm understanding disability terms and what they entail.
Long-Term vs. Short-Term Disability
Depending on the situation at hand, a physician may be dealing with either a long-term or short-term disability. While long-term disabilities can be truly devastating, even short periods away from work can throw an individual into a financial tail spin.
When choosing a policy, it’s important to ensure that coverage extends to a range of situations. The right company will work with you to determine your exact insurance needs, while also making certain your coverage remains feasible no matter the circumstance. This includes individual insurance plans, as well as group coverage options.
Caring for Those Who Care for Others
Physician disability insurance can offer much-needed financial support in the aftermath of a serious injury or illness. With suitable coverage in place, medical professionals can rest assured their needs will be fully met in the event they are no longer able to work.