Medical Resident Disability Insurance
Secure your income while you focus on building your medical career.
Why Disability Insurance is Essential for Residents
Did you know that 1 in 4 people in the U.S. will experience a disability lasting longer than a year before the age of 65? As a resident, you're at risk of being one of those statistics, which is why it's critical to secure your income early.
Income Protection
Disability insurance helps replace a portion of your income if you're unable to work, ensuring you can continue meeting your financial obligations without interruption.
High Risk of Injury
Residents face the possibility of both physical strain and long-term health conditions. Disability coverage helps protect your financial future in case of unexpected accidents or illnesses.
Peace of Mind
With the added stress and responsibilities of residency, disability insurance gives you peace of mind, knowing that even if you're faced with a health setback, your income will be protected.
Affordable Early Coverage
As a resident, you're still early in your medical career, which makes it an ideal time to secure affordable disability insurance. Plans are tailored to meet the unique needs of residents and can be more cost-effective than later in your career.
How It Works
Simple Process, Powerful Protection
Disability insurance for residents provides income replacement if you're unable to work due to illness or injury. Whether you’re facing long hours or physical strain, our plans are designed to protect you from the unexpected.
1. Request a Quote
Fill out a simple form to get started.
2. Receive Personalized Options
Get a custom disability insurance plan tailored to your income and career.
3. Stay Covered
Enjoy the peace of mind that comes with knowing you're protected, even if you're unable to work.
Comprehensive Disability Insurance for Residents
We offer comprehensive, resident-specific disability insurance to protect your income during illness or injury.
Insurance Types Available:
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- Own-Occupation Coverage: Protects your income if you’re unable to work in your specific residency specialty.
- Practice Overhead Insurance: Ensures your practice’s expenses are covered while you’re unable to work.
- Student Loan Protection: Safeguards your student loans during a period of disability, allowing you to focus on recovery.
Group vs. Individual Disability Insurance
Understanding the differences between employer-sponsored coverage and individual policies is crucial for comprehensive income protection.
Employer Group Coverage
Short-Term Disability
Typically covers 60-70% of your base salary for 3-6 months, with a 1-2 week elimination period. Often provided at no cost or subsidized by employers.
Long-Term Disability
Usually covers 50-60% of your base salary until retirement age, with a 90-180 day elimination period. Benefits are typically taxable when premiums are employer-paid.
While employer coverage provides a good foundation, it often has significant gaps that can leave professionals financially vulnerable during a disability.
Individual Disability Coverage
Individual disability insurance policies are specifically designed to complement or replace group coverage, providing more comprehensive protection tailored to your specific needs and profession.
Key differences from group coverage:
- Policies stay with you regardless of employment changes
- Benefits typically paid tax-free (when premiums are paid with after-tax dollars)
- Coverage can be tailored with specific riders for your profession
- Higher benefit amounts available, especially for high-income earners
- More favorable definitions of disability for your specific occupation
Individual disability insurance serves as the cornerstone of a comprehensive income protection strategy, filling gaps left by employer coverage and providing protection throughout your career.
Common Gaps in Employer Coverage
Taxable Benefits
Group policy benefits are typically taxable, reducing your actual income replacement to 40-50%.
Less Favorable Definitions
Group policies rarely include true own-occupation coverage for your specific profession.
Job Dependency
Coverage ends when you leave your employer, creating a significant protection gap.
Less Favorable Definitions
Group policies rarely include true own-occupation coverage for your specific profession.
Benefits of Individual Coverage
Portable Protection
Your policy stays with you regardless of job changes or career moves.
Customizable Coverage
Tailor your policy with riders specific to your profession and needs.
Tax-Free Benefits
When premiums are paid with after-tax dollars, benefits are received tax-free.
True Own-Occupation
Get full benefits if you can't work in your specific occupation, even if you work elsewhere.
Employer Group Coverage
Short-Term Disability
Typically covers 60-70% of your base salary for 3-6 months, with a 1-2 week elimination period. Often provided at no cost or subsidized by employers.
Long-Term Disability
Usually covers 50-60% of your base salary until retirement age, with a 90-180 day elimination period. Benefits are typically taxable when premiums are employer-paid.
While employer coverage provides a good foundation, it often has significant gaps that can leave professionals financially vulnerable during a disability.
Common Gaps in Employer Coverage
Taxable Benefits
Group policy benefits are typically taxable, reducing your actual income replacement to 40-50%.
Less Favorable Definitions
Group policies rarely include true own-occupation coverage for your specific profession.
Job Dependency
Coverage ends when you leave your employer, creating a significant protection gap.
Less Favorable Definitions
Group policies rarely include true own-occupation coverage for your specific profession.
Individual Disability Coverage
Individual disability insurance policies are specifically designed to complement or replace group coverage, providing more comprehensive protection tailored to your specific needs and profession.
Key differences from group coverage:
- Policies stay with you regardless of employment changes
- Benefits typically paid tax-free (when premiums are paid with after-tax dollars)
- Coverage can be tailored with specific riders for your profession
- Higher benefit amounts available, especially for high-income earners
- More favorable definitions of disability for your specific occupation
Individual disability insurance serves as the cornerstone of a comprehensive income protection strategy, filling gaps left by employer coverage and providing protection throughout your career.
Benefits of Individual Coverage
Portable Protection
Your policy stays with you regardless of job changes or career moves.
Customizable Coverage
Tailor your policy with riders specific to your profession and needs.
Tax-Free Benefits
When premiums are paid with after-tax dollars, benefits are received tax-free.
True Own-Occupation
Get full benefits if you can't work in your specific occupation, even if you work elsewhere.
Why You Need Both Types of Coverage
The ideal protection strategy combines employer-sponsored coverage with an individual policy to ensure comprehensive income protection during any disability.
Why Choose Kandelaki Solutions?
Protecting What Matters Most
- Expert Knowledge: We understand the unique challenges faced by residents.
- Affordable Plans: Tailored options that fit your budget while protecting your future.
- Quick and Easy Process: Simple steps to get you covered, fast.
Frequently Asked Questions
Find the answers you need about disability insurance and how we can help protect your income and future.
While health insurance covers medical expenses, disability insurance replaces your income when you’re unable to work due to an illness or injury. It ensures you can maintain your lifestyle and cover living expenses, even when you’re not earning.
A consultation ensures we provide you with a personalized, accurate quote tailored to your specific needs. Unlike generic calculators, we offer customized coverage options that suit your career and financial situation.
Applying is simple. Just fill out our online form to get a free quote. Our team will work with you to find the right plan based on your career, financial needs, and preferences. No obligation, just a straightforward process to protect your future.
The cost of disability insurance depends on factors such as your occupation, age, income, and coverage options. We offer affordable plans tailored to your needs, with flexible payment options. Contact us for a personalized quote.
The application process is quick and easy. Once you provide the necessary information, we can typically offer coverage within a few business days. Our goal is to get you protected as quickly as possible so you can focus on your work and life.