There is always a cost to adding the Own Occupation riders from all carriers. More often than not, we see a cost difference to include the “specialty” wording which is also not available from all insurance carriers. We have all that do offer this feature, so, no need to look elsewhere. Here’s a list of specialties that we see an overwhelming majority of residents or fellows make sure to include the “Specialty Own Occ” language:
- All Surgeons
- Interventional Radiologists
- Emergency Medicine
- Critical Care/Pulmonologists
- Dermatologists who perform surgery/MOHS procedures
All medical fields are critical and every individual should evaluate the available features and benefits of a disability insurance policy. Among the listed fields, we help many secure policies that DON’T INCLUDE the “specialty” definition but have language that is the perfect fit for the given situation. Likewise, we help Pediatricians, Family Practitioners, Psychiatrists, Pathologists, and all others who seek the “specialty” wording.
Danny Mensh is the CEO of InsureSTAT, the leading online provider of Disability Insurance for Physicians, Nurses and Physician Assistants.