Why Medical Residents Eyeing Fellowships Need Disability Insurance Now

Don’t wait: Securing a policy before your fellowship can save you time, money, and peace of mind. 

Picture this: You’re about to complete your medical residency and you just landed a fellowship. 

It’s a moment in your life that’s equally exciting and stressful as you prepare for the next big step in your medical career.

With all the upcoming demands on your time and attention, you need to make sure securing your financial future is on your to-do list before starting your fellowship.

Here's why securing disability insurance before starting a fellowship is not just advisable, but imperative.

Setting the Record Straight

Pattern has helped more than 20,000 doctors shop for disability insurance in the last 10+years. One of the most common mistakes we see among soon-to-be fellows is waiting until they’ve started their fellowship to get their policy because they think it will better protect their subspecialty. This is false

Here are two things you need to know:

  1. Your coverage is based on the tasks of your job, not your job title. This means if you are unable to perform certain functions of your specialty – regardless of your status as a resident, fellow, or an attending – you are covered. 

  2. Carriers will cover you for the task that you were performing for the six months prior to the injury or illness that resulted in disability. This means as long as you have a recent history of performing the tasks essential to your duties, and you are no longer able to perform them, you are covered. 

Essentially, you will be just as protected from injury and illness – if not more protected – if you get your policy during residency versus your fellowship. 

Prepare for the Unexpected

The higher you advance in your medical career, the higher the financial stakes. Education costs and other debts will continue to pile up until you take a big leap in income as an attending, so don’t leave your ability to manage these expenses exposed. 

Disability insurance is an essential layer of protection against the unforeseeable. It ensures that an illness or injury doesn't derail not only your career, but the financial future you are trying to build for yourself and your loved ones

Securing your policy during residency offers two major advantages:

  1. Lower Costs: You will never be younger and healthier than you are today. Early coverage means avoiding the pitfalls of exclusions or higher rates due to new health diagnoses or medical conditions that can arise with time.

  2. Financial Stability: With significant student loans burdening many medical professionals, disability insurance ensures that an unexpected inability to work doesn't compromise your financial obligations or goals.

Navigating the Complexities: Why Partner with Pattern

At Pattern, we understand the unique pressures and time constraints faced by medical residents - especially those gearing up for a fellowship. We’ve streamlined the process of obtaining the right disability insurance specifically for busy doctors - making it quick, straightforward, and tailored to your needs. Here's how it works:

  • Request a Free Quote: Start with a simple, 5-minute quote request to get the ball rolling.

  • Get an Expert Consultation: After your quote request, you’ll receive a free consultation with a disability insurance expert to review your options completely free with no obligation to buy.

  • Secure Your Policy: Once you’ve found the policy that meets your needs, finalize your coverage and gain peace of mind, knowing you're protected against the uncertainties of the future.

As you prepare for the next chapter in your medical career, remember that securing disability insurance is not just a task to check off but a strategic move to protect your most valuable asset: your ability to work and earn. 

Let Pattern help you secure that peace of mind quickly and efficiently, so you can focus on what matters most — your career and the patients you serve.