There are several sites to look for disability stories and content. These help you know the best places for people with disabilities in the U.S. You do not gain immunity from any disability just by staying in a state that ranks high on the disability-friendliness chart if you are a healthcare professional.
The need to think beyond worker’s compensation
Having coverage of group disability coverage is essential for physicians who may have health problems that prohibit them from their work. Worker’s compensation may be suitable for a short time illness such as COVID-19.
Some healthcare professionals with disability concerns opt for worker’s compensation to comply with the laws of a particular state. However, think of yourself as a practice owner and buy insurance protection. It will help you face any unexpected health crisis like long COVID and other diseases.
The disability of physicians because of COVID-19 is the hot topic of the recent disability news stories. Besides COVID-19, several disorders may force you to lose your ability to work even after the cure. Many viral diseases leave behind lingering symptoms such as joint pain though the infection is not present anymore. Some of these symptoms can be extremely discomforting and painful.
These scenarios make things worse for healthcare professionals. They cannot get benefits of worker’s compensation and have lost their earning potential as well. There is a possibility that physicians may not get the benefits of long-term disability because of the employer group insurance plans and private insurance policies.
Choosing the right disability insurance plan
Physicians who belong to high-income groups can consider High Limits Disability Insurance to protect their income potential in the event of any illness or injury. According to some disability articles, there are disability insurance limits that restrict the compensation to just about 60 percent of the physician’s income. Reputed broker advisor companies design special High Limits programs that guarantee to replace 70 percent of income amount.
Flexibility to work in any capacity
Long-term disability does not mean that an individual dentist or physician should exist only to receive monthly compensation. One should understand that a physician can contribute to healthcare in multiple ways. A dentist can associate with a dental product company as a consultant and so forth.
In End, It is better to inspect the disability insurance policies if you are a healthcare professional. You can ask for your broker’s help from a reputed broker advisor to know how the program can address different disability scenarios.