Group Disability Insurance Definitions

A lot of doctors belong to a relatively large practice, and are covered by a group disability policy. Even if you feel covered by your employer’s group disability insurance contract, you need to know the exact wording and definitions used in the contract itself. The way that different policies treat “Own Specialty” disability insurance can have drastic impacts on the way you collect benefits.

To learn more about group disability contracts:
Group vs Individual Physician Disability Insurance

What You Will Learn:

• How group disability insurance defines your occupation

• Why employer-sponsored disability insurance may not recognize your subspecialty

• The difference between Department of Labor occupational definitions and specialty-specific definitions

• How American Board specialty classifications provide greater precision

• Why CPT-code-based disability definitions may better reflect your actual work

• How disability insurance definitions can impact claim eligibility

• Why physicians should review—not assume—their group disability coverage

• The importance of working with an advisor who understands physician disability contracts

Chapters:

0:00 Introduction: Reviewing Group Disability Insurance

0:25 Why the Definition of Disability Matters

0:45 Department of Labor vs. Medical Specialty Definitions

1:37 American Board Specialty Definitions Explained

2:15 Why CPT Codes Better Reflect Your Practice

2:54 Why Reviewing Your Disability Contract Is Essential

3:02 Final Thoughts