Dissecting Group Disability Insurance for Physicians — Is Your Disability Insurance Too Affordable?

Most doctors in large practices are offered Group Disability Insurance. Learn how these policies define your profession, and ultimately, if you’re covered.

More than in most professions, physicians are constantly reminded of the importance of disability insurance. Large practices typically offer Group Disability coverage to their physicians, at an “affordable” cost. Like most things in life however, if it sounds too good to be true, it probably is.

In this interview, our MDDIsabilityQuotes.com agents discuss the drawbacks of Group Disability policies. Everything boils down to the definition of your profession and your ability to perform that profession. You’re profession will be defined in one of three ways:

  1. Is your profession determined by The Department of Labor?
  2. Is your profession determined by The American Board of Examiners?
  3. Is your profession determined by your CPT Codes?

Of these possible definitions the first offers the most general description of your profession while the 3rd the most detailed. Watch this interview to learn which definition group policies typically use.

If you’re uncertain about which definition your disability insurance uses, contact us or give us a call. We regularly perform policy reviews to help you understand how hard your policy is working for you. Protect your income in 15 minutes or less.