Insights

R.E.S.T. for Family Practitioners

In March of 2020, the Coronavirus turned the American economy on its head with repercussions that continue to persist today. Small businesses have struggled to stay afloat; the unemployment rate spiked to almost fifteen percent that April; and in more than half of the states, over one in five households was behind on rent the following July. The lasting significant economic ramifications affected family medicine physicians as well. Practices lost…

The Fundamentals of Disability Insurance for Residents and Fellows

    Practicing medicine requires extremely rigorous training, including time, experience, and cost. Physicians are at higher risk than many to lose their earned wealth if any ailment bars them from performing the duties of their job. Disability Insurance offers a form of monthly income in the event of a disability and should be an essential consideration for those still training, including residents and physicians in fellowship positions. Securing the…

Group Disability Insurance: What Every Attending Physician Should Know

  Hospitals and Larger health facilities commonly offer attending physicians a Group Disability Insurance Policy as part of their benefits package. While employer sponsored insurance is a convenient way to obtain coverage, ensuring that it adequately protects your physical and intellectual skillset acquired through years of training is critical. This article defines Group Disability Insurance Policy by identifying the quality, quantity, and advantages of a general group policy.   What…

Group Disability Insurance: Pearls & Pitfalls

    Some employers offer group disability insurance as part of an employee benefits package. On average, about 78% of employers provide short-term disability insurance while 63% provide long-term disability insurance (Miller). Deciding if group disability is sufficient coverage requires comparing the quality of price and coverage to that of a generic private insurance policy.   Premium Assessment Group disability can be a great way to receive benefits at a…

Group Life Insurance vs. Private Life Insurance

    Life Insurance is often a foundational component of a holistic financial plan and is typically acquired in one of two ways: group and private policies. Certain individuals will default to relying solely on a group policy provided by their employer while others prefer a privately-owned policy. Few people are given the tools to identify the distinction and potentially integrate both into their financial plan. This article aims to…

Group Life Insurance: The Basics

  Group Life Insurance offered within an employee’s benefits package is the most common form of group insurance. In fact, group insurance exists in almost every country where private insurance companies reside1. In one study conducted in the United States in 2017, approximately 108 million workers were covered under their company’s group Life Insurance policy, as opposed to the 102 million covered privately (1). This article aims to define group…