Medical professionals could sustain an injury at any time that could lead to a permanent or long-term disability. Under these conditions, these doctors are unable to work and acquire an income. For this reason, it is necessary for them to acquire a disability insurance plan designed for doctors. A local insurance provider offers these plans for doctors at all stages of their career.

What are the Basic Eligibility Requirements?

All applicants must have a valid medical license to obtain the disability coverage. They must be under the age of sixty, and the medical professional must continue to work on a full-time basis. The applicant is not required to become a member of the American Medical Association. However, this membership could entitle them to discounts on their insurance premiums.

How Long is Coverage Available?

The medical professional can continue their disability coverage until they reach the age of seventy-five. However, the doctor must continue to work on a full-time basis, and their employer must provide a group policy for the disability insurance. Additionally, if for any reason the doctor’s license is terminated, they will lose coverage through this disability insurance policy completely.

When is Coverage Denied?

All injured medical staff are subject to an alcohol and drug screening when an injury or illness is reported. Any claimant that fails this screening is denied access to benefits entirely. Any condition that has been ruled self-inflicted is not qualified for disability benefits regardless of the policyholder’s mental status. Policyholders cannot acquire disability benefits under the policy for any duration in which they are incarcerated.

When Do the Policies Take Effect?

After the applicant has enrolled in the disability insurance plan, their policy will take effect at the beginning of the next month. However, the applicant must be approved by the insurer after the underwriting process. All policy information is mailed to the policyholder once approved.

Medical professionals need substantial disability insurance to provide adequate benefits when they can no longer work. These benefits provide them with a higher portion of their earnings and cover living expenses as well as all medical costs. Doctors who want to learn more about these beneficial disability plans can contact InsureSTAT for more information today.