Health care organizations have a new option for providing physicians access to long-term supplemental disability insurance at a reduced cost through WSHA Industry Partner InsMed. Institutions with more than 75 employed physicians can offer their physicians individual disability insurance to supplement their current group coverage. The policies are issued without medical underwriting and with permanently discounted rates. Additionally, since the rates are gender neutral, women can obtain coverage without the surcharges normally imposed on women, allowing for up to 40 percent savings compared to gender-specific rates.
These policies can protect variable compensation — which is typically not covered by employer-provided group disability coverage — and will also allow physicians/executives to bring their total income replacement to a higher level, potentially to as much as 75 percent of income. For additional information, please contact Morten Sorensen at (914) 472-2200 or email@example.com. (Beth Zborowski)