New Physicians, Residents and Fellows: The Doctor's Essential Guide to Disability Insurance and Benefits

What IS Disability Insurance?

Disability insurance is a type of insurance that protects an individual against the financial consequences of disability. This can be either partial disability, where you lose a portion of your ability to work and earn a living, or total disability, where you lose your complete ability to generate income. The financial benefit you receive when disabled provides the income necessary to cover your basic living needs and costs, and can help cover the additional costs associated with a disability, such as medical bills, prescriptions and therapy.

Why is Disability Coverage ESSENTIAL For New Physicians? Residents? Fellows?

Most young people feel invincible. But the real truth is that approximately 25-33% of 20 year old individuals will have some long term disability (> 90 days) during their career. A career ending disability due to accident, injury...