Group or Association Plans vs. Private Individual Disability Income

This video explains the differences between a private plan and one that is offered by your employer. Your employer plan may be free to you or you may have to purchase it. Physicians that are employees either due to training as a resident or fellow as well as Attendings, typically have this group plan available through the employers benefits package.

These may mandatory and you may not be able to opt out. To learn more from your HR, you can ask them these questions:

👍🏽 How much of my base salary is provided to me by a group long term disability plan?
👍🏽 Is there a cap to the monthly benefit?
👍🏽 Is this benefit taxable?
👍🏽 Can I get a copy of the group certificate?

🚀 Tools and resources we recommend:

⚡️FREE Physician Resources: https://www.www.mddisabilityquotes.com/resources-to-download⚡️FREE Physician’s Guide to Disability Insurance: https://www.www.mddisabilityquotes.com/physicians-guide⚡️How Future Purchase Options Work: https://www.www.mddisabilityquotes.com/future-purchase-option

***🔅 Let’s connect at Instagram for more education and business strategies on how to build your personal risk management process @md_disability & @amberstitt_ ***

👍🏽Recommended Resources for specific specialties:

☑️Resources for Dentists: https://www.www.mddisabilityquotes.com/dentists
☑️Resources for Federal Employees: https://www.www.mddisabilityquotes.com/federal-employees
☑️Resources for Females: https://www.www.mddisabilityquotes.com/females
☑️Resources for Residents and Fellows: https://www.www.mddisabilityquotes.com/mds-and-dos-resident-limits
☑️Resources for Optometrists: https://www.www.mddisabilityquotes.com/optometrists
☑️ Resources for Podiatrists: https://www.www.mddisabilityquotes.com/podiatrists
☑️Resources for Veterinarians: https://www.www.mddisabilityquotes.com/veterinarian
☑️Resources for Physicians in the Military: https://www.www.mddisabilityquotes.com/physicians-in-the-military

Videos for frequently asked questions:

💡 WHAT IS OWN SPECIALTY https://www.youtube.com/watch?v=CHVjlSqGLiQ&t=3s
💡 HOW FUTURE PURCHASE OPTIONS WORK https://www.youtube.com/watch?v=OH8mPfdB7Ms&t=29s
💡 DO I NEED COLA? https://www.youtube.com/watch?v=MmgiPQEJxvQ
💡 THE UNDERWRITING PROCESS https://www.youtube.com/watch?v=Sa611TSHeu8&t=18s
💡 GROUP VS. PRIVATE INSURANCE https://www.youtube.com/watch?v=7enAnIXXJxg
💡 COMPLIMENTARY FEATURES INCLUDED https://www.youtube.com/watch?v=k91_NHohecw