/ /

Disability insurance

Understanding the need for long-term disability insuranceSecuring LTD coverage can be complicated, confusing and expensive. But insurance experts, advisers and physicians who’ve suffered injury or illness all agree: Doctors need it.
How to choose the best physician disability insurance policyPhysicians are some of the hardest working individuals in the country. Years of rigorous training culminate in long hours at the practice. Even physicians can overlook the importance of protecting their ability to earn a living. When something as trivial as a sprained wrist can prevent a doctor from completing their daily tasks, disability insurance becomes a real consideration.
Financially, a disability is significantly more expensive than death. With a disability, income is reduced or eliminated and expenses increase. It makes sense to protect yourself and your family when the cost is low.
Almost half of disabled workers enrolled in Medicare’s prescription drug program fill a prescription for opioids each year, and more than 1 in 5 were chronic users, filling 6 or more opioid prescriptions each year, according to a study in the September issue of Medical Care.
A medical practice owner should spend some of his/her time working on the practice, not just in the practice. We know this because we have our own practice ourselves. Even if the owner works “on” the practice, however, if they ignore one fundamental legal contract, all of his/her work may be in jeopardy — as a single bad event could wipe out everything they have worked so hard to build.