Doctor Disability Plans
DoctorDI's goal is to be your Disability Plan broker! Most brokers simply don’t understand Medical and Dental specialties and the IDI coverage needed. We specialize in a Gold Standard Plan that is meant to supplement any IDI Plan that was purchased out of medical school.
As income levels rise above this initial coverage, many physicians and dentists fail to realize that they don't have enough coverage thru their IDI Plan to cover their current income levels, and typically don't realize this until it is too late. We offer an up-to $10,000 Monthly Benefit Group IDI Supplement with Guarantee Issue coverage (so, no medical questions). If higher amounts are needed above the Guarantee Issue, we have additional coverage available (with medical questions).
The group size requirements are as follows:
- 3 Physicians;
- 2 Physicians plus one professional (e.g. practice administrator) earning at least $50,000 per year;
- 1 Physician, 1 NP or PA, and 1 staff employee
- 1 Dentist and 4 staff employees
- 1 Physician and 4 staff employees;
- 5 staff employees
The Gold Plan IDI Supplement has the following riders available as an optional benefit to help fill crucial coverage gaps for physicians and dentists. Does your group long-term disability plan consider these physician and dentist specialty needs?
- Student Loan Repayment Benefit
- Business Protection Benefit
The Business Protection Benefit (BPB) pays an additional benefit to the practice when a key employee becomes disabled
- Cost of Living Adjustment (COLA) Benefit
- Extended Earnings Protection Benefit
- Infectious and Contagious Disease Benefit
- Malpractice Insurance Reimbursement Benefit
- Progressive Illness Benefit
Physicians with deteriorating conditions can experience a gradual reduction in earnings and often do not experience the 20% earnings loss required for disability benefits until the condition becomes severe. This rider utilizes a different calculation of benefits to allow for this.
- Retirement Contribution Benefit
- Retro Disability Benefits