Covered Through Work? Maybe.

A lot of physicians think they're covered through work. Maybe they are. But most group disability plans work differently than people expect.

Many switch to an any-occupation definition after a couple years, which makes it a lot harder to get a claim paid. The benefit is usually taxable if your employer pays the premium. It's often 60% of salary with a cap, your bonus often doesn't count, and after taxes that 60% can land closer to 40%.

It's a well-intended benefit. Your employer is trying to help, and I appreciate that. It just isn't enough to be your whole plan.

See what your group plan would really pay.

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