Disability Insurance for Residents & Fellows
Guaranteed
Extended Enrollment for Graduates
You may remember us from sitting in our disability insurance education seminars as the appointed disability insurance specialists for RWJBarnabas Residents and Fellows since 2005. Thank you for your expressed appreciation in our education and interest in our services. We are happy to announce that you are still able to access a guaranteed true own occupation individual disability insurance policy through our services.
We also offer options from carriers providing full coverage for Mental and Nervous Benefits.
Why This Matters to You as a Physician
Before you choose any policy, it’s vital to understand what individual disability insurance means for you as a physician. Reynolds Benefits Group has spent 40 years educating and advising residents and fellows, helping them make informed, pressure-free decisions with confidence and peace of mind.
No Sales. Just Clear Education.
Our online video series cuts through the jargon and explains physician disability insurance in a clear, unbiased way. It shows you how to protect your income and specialty, and how to compare top disability carriers (including your guaranteed option) to find the best and most affordable fit for you.
Ready to Learn More?
If you’d like to schedule a one-on-one consultation, simply use the Calendar link below. We’d be happy to answer your questions and guide you through your options.
Understand the Risks
By most estimates, your earning potential as a first-year resident is in the millions over the course of your career. Clearly, an unexpected injury or illness (disability) can potentially devastate or disrupt your career.
POTENTIAL EARNING POWER UNTIL AGE 67
| Avg. Salary | $180,000/year |
| Age 35 | $5,760,000 |
| Age 45 | $3,960,000 |
Get the Facts
The amount of insurance you purchase originally directly affects how much you can purchase in the future.
- What do you expect your income potential to be once you are contracted as an attending?
- How do you combine the base benefit and the future increase benefit to reach the total monthly benefit that will adequately protect your future income?
- What are you comfortable with in terms of your budget?
- Is there a way you can pay a lower premium now, while still a resident, and pay a higher premium once you are an attending physician?
When you are ready to increase your coverage what will the rates be based upon?
Will the costs be based upon the rates at time of initial purchase or will they be based upon the current rate the company charges at the time the additional coverage is purchased?
Residents and fellow are strongly advised to take advantage of the special allowances insurance companies are offering. These include higher benefit amounts, higher future increased amounts coupled with a more lenient, simplified application process. Once you are an attending physician, this will not always be the case.
Why do I need Disability Insurance? Watch the video below.
Additional Information for Residents
- Personal Account on Disability Insurance: Heather Gibbons-Doig, MD
- Long Hours, Little Sleep: Bad Medicine For Physicians-in-Training?
- Substance Abuse, Mental Illness, and Medical Students: The Role of the Americans With Disabilities Act
- Disability Issues in Emergency Physicians
- A Surgeon, A Suture Needle — and Hepatitis C
- From Needle Stick to Cure for Hepatitis
- Female Physicians to See Increase in Premiums for Disability Insurance 2014
- Able to Practice: Physicians with Disabilities Do What It Takes to Thrive
- Sources of Stress for Residents and Recommendations for Programs to Assist Them
- AMA Policies on Resident Physicians and HIV
- Disabilities: Looking Back and Looking Ahead (JAMA)
- Health and Disability Insurance Coverage for Medical Students and Resident Physicians (JAMA)