Types of own specialty physician disability insurance

1. Types of own specialty physician disability insurance Physicians are very important in our society as they are able to take care of us when we have any medical condition. This does not however, imply that they will always be healthy themselves or always be able to save quickly nurse their selves back to health whenever they experience some health hazards. One of such health hazards is the cases of disability, where they are not able to continue work. The implication is that they will be forced to stop work. In situations where the disability is permanent, they might not even be able to ever resume work as a physician again. This is where own specialty physician disability insurance comes in. The insurance will be able to continue to pay the physician some amount of income on a monthly basis, so that they will be able to cater to their expenses, which might likely increase due to their disability. This source of income will give the physician a better chance of fighting to stay alive or at least, live a comfortable life, despite the disability. There are 2 major types of own specialty physician disability insurance. They are discussed subsequently.

2. Short Term Disability Short term disability insurance is one of the types of own specialty disability insurance for physicians that insurance companies offer. For this type of insurance, you will be covered for a particular period of term, usually within a year. This type of insurance will only be able to serve you best, in the situation where you are involved in a disability case that did not last beyond a year. This implies that starting from when you got the disability issues up to when you are able to resume fully is less than year. During the less than a year period up to a year or a bit more than that, depending on the short term insurance policy of the company, you will be able to get some monthly income from your insurance. Long Term Disability The long term physician own specialty disability insurance on the other hand are insurance for disabilities that exceed a year. It begins after the expiration of a short term disability insurance. You might also be lucky to have an employer that offers you benefits that could be for a short or long time, if you should have to stop work as a result of disability. There are also employers that make it an option of payment, to give you the opportunity of having some source of income should you get disabled. Cost of short and long term disability The cost for short and long term disabilities varies, depending on the company and what is covered in their own specialty physician disability insurance. Usually, a short term disability insurance would be less costly, compared to a long term

3. disability insurance. Furthermore, the longer the time of the long term insurance, the more expensive it will be. You might have to register for both short term and long term disability insurance. This is considering that the long term mostly begins after the expiration of the short term. Short term disability insurance is one of the types of Own Specialty Disability Insurance Physicians that insurance companies offer. You can check here for more information about Own Specialty Disability Insurance.