In this episode, Billy Gwaltney discusses the complexities of long-term disability (LTD) policies, particularly focusing on the differences between employer group policies and private specialty coverage. He emphasizes the importance of understanding the definitions of disability and the potential gaps in employer policies, advocating for physicians to consider opting out of voluntary group LTD if they have a properly designed private policy.
Takeaways:
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Should I opt out of my voluntary employer group policy?
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There is a big difference between how different policies define being disabled.
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The key for doctors is specialty specific language and ensuring you get the best definition.
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If you get the right definition, you can collect your policy benefit while still earning income.
- The best step to ensure your coverage is to speak with a broker who specializes in occupational disability for physicians.
I would be happy to answer any questions.
Listen to the episode wherever you get your podcasts or watch the full video below.
Billy Gwaltney
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