The PRS team is equipped with the tools you need to improve your financial standing. Request a meeting with one of our advisors.
Whether you’re transitioning from resident to practice or preparing for retirement, PRS is ready to assist you.
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Physician disability income insurance is a long-term coverage built for medical professionals. Because most injuries occur away from the job, workers’ compensation isn’t applicable when a doctor becomes ill and can no longer perform their duties to their best ability.
Physicians with a medical specialty are highly trained and have many financial obligations. If you’re worried about how your family, lifestyle, and medical practice would fare if you could no longer care for patients, purchasing long-term disability insurance may be your best bet to protect your income.
Physician’s Resource Services helps you realize your earning potential by securing high-quality disability benefits through long-term plans, using our good standing with disability insurance companies to provide substantial savings.
We’ve also put together programs with Guaranteed Standard Issue (GSI) options to help physicians avoid underwriting and receive exclusive discounts. Our team directly manages disability insurance programs with the GME departments at medical schools to ensure quality service.
Exploring your physician’s disability insurance options and deciding which plan best fits your needs is a time-consuming process. You need to get it right the first time, which is why we do everything in our power to ensure you completely understand your choices and receive benefits that protect your income.
We’re experienced in the insurance industry and apply our skills and resources to support you. Plus, our professional advisors and educational consultants simplify the process. To qualify for coverage through our carriers, you only need to answer two questions:
PRS’s 30% unisex discount saves you thousands of dollars and makes sure no one turns you down in your search to secure disability benefits. We’re familiar with every type of long-term disability insurance and can evaluate your eligibility for the following:
Any-Occupation Coverage
Any-occupation policies have the lowest premiums and provide the least amount of coverage. You receive monthly benefits only if you can’t work in any occupation. For example, if you can’t work as a surgeon but can provide consultative services in a hospital, you aren’t considered disabled under an any-occupation plan.
Transitional Own-Occupation
Transitional own-occupation policies limit your benefits based on the difference between your total disability benefit amount and your earned income following your injury. If your new income exceeds your previous income, you may only receive partial benefits.
True Own-Occupation
The own-occupation policy protects your ability to work in your field of expertise. You’re covered if a disability prevents you from performing in the role you had before your injury. Even when you get a new job in a related field or an entirely new one, you still qualify for the benefit period. A true own-occupation policy protects you as you perform your medical specialty and earn income while you adjust to living with an illness or injury.
Only six providers offer true own-occupation policies to physicians up to age 65:
Physician’s Resource Services can educate you and provide the resources you need to pass the application process and secure coverage.
Building a financial foundation is daunting. Physician’s Resource Services strives to make it simple. Since 2007, we’ve supported physicians in 49 states with excellent consultative services and educational tools. We want to help you next.
Medical residents are stretched thin between their student loans and their duties as a specialist. Regardless, purchasing a disability income insurance plan is essential for long-term financial stability. Over 25% of people in their twenties will experience an injury or illness before retiring. Physician’s Resource Services supports you with the resources you need to build out your financial plan and protect your earning potential from the unpredictable.
Whether you opt for group disability insurance for doctors or an individual plan, you need a policy. PRS helps you qualify for coverage and tailors your program to match your short- and long-term financial ambitions. If your life situation changes, we’re prepared to align your strategy with your vision.
Disability insurance protects your ability to earn and helps keep your career on course. PRS can help you find the coverage you require.
PRS is dedicated to providing the solutions physicians need to overcome financial hardship and support their vision for the future. Learn more about who we help.
