Summary Of Georgia Specific Policy Features*

Percent More or Less than Average Premium

Male: -5.76%

Female: -2.31%

Policy Options from All of the Big Six Companies:

Yes

Unisex Policies Offered

No

*The information on this page are accurate as of the date this page was created, September 2021.  Policies and discounts vary by individual circumstances. For information on your specific options, please console with one of our advisors.


Located in the Southeastern region of the United States, Georgia is the 8th most populated US state and is known for its vast array of landscapes, vegetation, and animal life. Georgia covers almost 60,000 square miles of land and water area, and is home to more than 10.7 million residents.


Do you practice medicine in Georgia? There are more than 13,300 active physicians in Georgia from a variety of specialties including:


  • Surgery: 1,479 active physicians

  • Emergency medicine: 1,449

  • Psychiatry: 1,232

  • Radiology: 1,231

  • Anesthesiologists: 1,221

  • Cardiology: 841

  • Oncology: 483

  • Endocrinology, diabetes, and metabolism: 168

  • All other specialties: 5,220


With a patient to physician ratio of 805:1, the value of having financial and income security is very high for active physicians. But what does it mean to have financial and income security for a physician?


Defining Physician Disability Insurance

Having financial and income security means making sure you still receive monetary gains even if you aren’t able to work. This is done so with physician disability insurance, which is a type of insurance that provides income in the event that you get injured or sick and are unable to work. Your disability could be from a long-term illness or an injury from a disabling accident, either of which could take your career and waver your financial stability.


There are generally two main forms of disability insurance: short term and long term. Short term disability insurance covers physicians between 3–6 months and replaces up to 80 percent of your income while you’re covered. Common disabilities covered by short term insurance include: back injuries, arthritis, childbirth or maternity leave, and vehicle accident injuries.


Long term disability insurance is usually the more popular disability insurance option and is for serious illness or injuries that might prevent you from working any longer. Long term insurance normally covers you until you’re 65 years old and replaces your take-home pay if you can’t do your job duties for an extended period of time.


Common injuries covered by long-term disability insurance include:


  • Cancer

  • Mental health disorders

  • Vehicle accidents

  • Bone breaks

  • Musculoskeletal disorders


Disability Insurance: Costs & How to Get It

Physician disability insurance is designed to protect your income in the case of an unfortunate event. But how much does disability insurance usually cost a physician? Disability insurance costs an average of 1–3 percent of your annual salary. You can learn more in Chapter 5 of our Guide to Physician Disability Insurance.


At Pattern, our goal is to provide you with the resources and expertise needed both to fully understand physician disability insurance and to find the best policy for you. As an independent agency, we don’t have any affiliation to any of the Big 6 Companies and are only looking out for your best interests.


When you work with Pattern, we work with you to complete 3 simple steps:


  1. Request your quotes: you fill out a quote request form, and we submit it to each of the Big 6 Companies

  2. Compare your options: you review and compare your six quotes. Your Pattern support team will be there to guide you through the policies, answer your questions, provide examples, and make sure you have a clear understanding of each policy.

  3. Apply and buy: after you’ve made a decision, we will help you complete and submit a short application. From there, we will handle the insurance paperwork and get your income insured.


For frequently asked questions about physician disability insurance, visit Chapter 8 of our Guide to Disability Insurance!