Some physicians rely on group insurance policies from employers. This saves money in the short term, but what happens when you move on to an employer that doesn’t offer coverage? Or open your own practice?
Many times the cost of disability coverage has skyrocketed, making it a financial burden.
But if you purchase private coverage early on, it will be cheaper but also portable. That policy will cover you no matter where your career takes you, allowing you to focus on your work, knowing your income is protected if you become disabled.
In this episode, I discuss why portability is important and how to get a policy that will protect you for your entire career.
Highlights from this episode include:
- How advice from group benefits people at your employer could cost you everything you have (2:53)
- Why cheap employer group policies are a huge financial risk (3:33)
- Why purchasing a policy as a trainee is a career-saving decision, even if you think you can’t afford it (4:01)
To ask questions on insurance coverage or to get a quote, please don’t hesitate to call us anytime at 704-270-2376, and I’d be glad to discuss your specific situation with you.
If you enjoyed and valued this content, you might also want to check out Episode 61 - Should I purchase Disability insurance before moving to Califronia. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.
Billy Gwaltney
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