Why AMA Disability Insurance For Doctors Is The Best?

Posted by Doctor Insurance Group, LLC on April 6th, 2019

Doctors very well know what it costs if they become disabled. Most of them have subscribed to conventional health insurance schemes and think that they have done enough. Well, such traditional plans are important but are inefficient to resolve every problem, especially when certain medical conditions keep doctors away from practicing. However, AMA disability insurance for doctors is the most appropriate solution available today.

What is AMA Disability Insurance for Doctors?

According to the scenario to date, only a few doctors qualify for the required disability coverage. The coverage based on the policy done by insurers and employers is on the basis of their current income, not their future earnings. On the other hand, in AMA Disability Insurance for Doctors, doctors below the age of 40 are eligible to apply for benefits up to ,000 per month – regardless of their current income, debt or prevailing coverage amounts.

Benefits of Disability Insurance Plan for Doctors

The Disability Insurance Plan for Doctors provides many benefits. Some important ones are:

 Doctors subscribing for this plan are covered under their own specialty and not just simply a physician or surgeon. It implies you will get the benefits if you are not able to carry out the responsibilities of your own specialty and not any other occupation in the field of medicine.

 If you are below the age of 40 years, you will directly receive benefits up to ,000 per month.

 In case you turn into a self-employed or you stop working with your current employer, the portable coverage will remain with you.

 This is an exclusive, for doctors, disability coverage plan available at the most affordable rate.

 With this insurance, you also get help in repaying student loan of up to 0,000 if you become permanently disabled prior to attaining the age of 45 years.

 If your salary grows, you get an option to enhance your coverage. The best part is that you don’t need to go to any medical exam or you won’t be asked any questions.

What are Recovery Benefits?

The knowledge about recovery benefits is essential for the self-employed doctors whose earnings are completely based on the total patients or clients they see. There are some policies offering unlimited recovery benefits amalgamated into a residual disability rider whereas others provide recovery benefits in the form of a separate rider. For all those wondering what is a residual disability, it is usually the loss because of an injury or sickness even when the sick or injured individual is working and isn’t totally disabled. A residual disability rider offers supplementary income every month which matches the earnings loss in an effort to repair the income of an injured person.

Doctors often find the need for life insurance but overlook the possibility of debilitating incidents. When they consider, they will find that there is not a better option than AMA Disability Insurance for Doctors. If you are interested in such a disability insurance policy, look no forward than Doctorinsurancegroup.com