Apply for the disability coverage you may need as a Resident
You have invested years of your life, hundreds of thousands of dollars on your medical education, and have a potential income stream that could be significant. That all needs to be protected.
While you may have employer coverage, it’s likely not covering you at an adequate benefit level or offering the own-specialty protection you need. It’s important to fill in those gaps in coverage with supplemental disability income insurance protection: the AMA-sponsored DisabilityPro “Own-Specialty” Group Disability Insurance℠ for resident physicians.
Higher benefit amount at competitive rates
Up to $5,000 in monthly disability benefits as a resident under 40—regardless of your current salary, debt or existing coverage amounts. That’s a higher benefit than you may qualify for with other insurers. Both employers and insurers tend to base coverage amounts on current salary, even though it’s rarely enough to cover a resident’s living expenses if you become disabled.
You can secure this quality disability income protection at very competitive rates. You can have the disability income protection you may need as a resident that works with your budget and financial obligations—student loans, mortgage, and family. AMA members receive a 25% discount; non-members receive a 15% discount for at least the first year of coverage.
'Own-Specialty' Definition of Disability
You are eligible to receive benefits if you are unable to work in your own medical specialty due to a covered illness, injury or organ donation—even if you have the ability to work in another field of medicine.
Up to $200,000 to repay medical school loans
Repaying education loans can take up a large part of your income. And if you can’t work, it could significantly impact your family’s finances. That’s why this exclusive coverage for residents includes a medical school loan repayment benefit—at no extra cost.
The benefit can pay up to $200,000 to help ease the burden, if you become insured before age 40 and suffer a Permanent covered Total Disability before reaching age 45.
If you’re insured through your employer, chances are you’ll lose your coverage when residency ends. This coverage can remain with you after the completion of your residency and even if you change jobs or become self-employed. This is an important consideration, since you’re in the early stages of your career.
Personal service from our Insurance Specialists
As a resident, your schedule can be very demanding and carving out time to address your insurance needs might not be high on your list. Our Insurance Specialists are here to help make that process easier and to help you select the disability coverage that meets your unique needs. Our Insurance Specialists are non-commissioned, salaried employees and have no sales quotas to meet. Their sole purpose is to serve you.
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Selecting the right insurance products can be confusing. Browse lists of Products for physicians at different points in your medical career, or talk to an Insurance Specialist for more specific guidance and assistance.
Why AMA Insurance?
Our work is unique; our insurance plans should reflect that. The only plans sponsored by the American Medical Association (AMA), we tap into the power of over one million physicians to offer you competitive rates and benefits from top insurance companies.