If I were no longer able to perform my duties as an anesthesiologist, I would no longer earn a paycheck.
Many doctors, especially young doctors, think that they’ll never become disabled. Studies show, however, that doctors have a 20-30% chance of being disabled over the course of their careers, a much higher chance than those in other white-collar professions.
One of the reasons why researching disability can feel overwhelming is that it’s difficult to understand the policies and their specific language. Is this true own-occupation disability insurance? How do you know if this rider is the same as that one? And what is a rider, anyway?
Disability insurance through your employer is just not enough on its own! Most doctors don’t realize this but their employer’s coverage is not true own-occupation coverage and the benefit is most often taxed before you ever receive it.