Once you’ve decided to secure doctor’s short term disability, the next thing you’ll need to do is find the perfect plan. You can save yourself a lot of time, frustration and energy by learning more about the most essential features to look for in a short term disability plan.
Disability Insurance Basics
The first thing you’ll want to do is ensure that your disability insurance is provided by a reputable company. Check to see that they have a good rating with Weiss Ratings, Fitch Ratings, A.M. Best or Moody’s Investors Service, Inc. You should also ask how they usually handle claims to give yourself an idea of what you’ll have to go through should you ever have to file a claim.
You’ll also want to make sure you have the option of increasing the overall coverage of your doctor’s short term disability plan in the future if you wish. Also, there should be an “own occupation” disability definition that lists your position as a doctor as well as whatever you medical specialty is. If you’re still paying medical school loans, your disability insurance policy should also cover those loans in addition having monthly benefit coverage.
No matter how busy you might be in your day-to-day life, take out time to read over your short term disability policy to make sure you’re getting the type and quality of protection you want and need.