plan b
As healthcare providers, they are used to projecting an image of strength and competence. It is therefore not surprising that doctors who suffer from a disabling injury or illness are often unprepared, both emotionally and financially.
Any discussion of investment strategies should always start with your financial goals, including how much you would like to have saved by the time of your retirement. With these goals in mind, you should formulate a plan for each goal. Depending on your specific goals and targets, your investing strategy will likely include some or all of these tax-protected accounts.
One of the most important aspects of your long-term disability policy will be whether it provides “own occupation” coverage or “any occupation” coverage. With “own occupation” coverage, you are entitled to benefits if you are unable, due to your injury or illness, to perform the material and substantial duties of the occupation
You May Want to Supplement Disability Coverage Provided by Your Employer with Private Disability Insurance
Group insurance coverage can also change year to year, as can the premiums. The employer chooses which policy to offer its employees, as well as the terms and conditions for receiving disability insurance benefits. Having private disability insurance gives high-earning professionals more control over their benefits.
Although it will depend on the terms of your policy, if you suffer from a legitimate mental health condition that is interfering with your ability to practice medicine safely, you should be able to collect disability benefits.