Summary Of Massachusetts Specific Policy Features*

Percent More or Less than Average Premium

Male: 11.96%

Female: -25.59%

Policy Options from All of the Big Five Companies:


Unisex Policies Offered

Yes - All of the Big Five insurance companies offer unisex besides Guardian and Standard

*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.

Massachusetts is the most populous state in the New England region of the United States. The New England region includes six states in the Northeastern United States, four of which are bordered by Massachusetts: borders to Connecticut to the southwest, Rhode Island to the southeast, New Hampshire to the northeast, and Vermont to the northwest.

The capital of Massachusetts is Boston and it has a population of 4.8 million people in its metropolitan area, which equates to almost 70 percent of the state’s total population of more than 7 million residents. Massachusetts covers a total of 10,565 square miles of land and water area with an average elevation at 500 feet.

Generally, Massachusetts tends to rank high for quality health and disease-prevention categories. In the last decade, it has been ranked as the 3rd healthiest state, the 2nd lowest infant mortality rate, ranked 6th-highest in the percentage of residents who are considered neither obese nor overweight. the lowest percentage of uninsured residents.

Currently there are 21,634 active physicians in Massachusetts, making the state one with the most doctors per 100,000 residents. Active physicians work in a variety of specialties in Massachusetts including:

  • Psychiatry: 2,883

  • Radiology: 2,042

  • Surgery: 1,943

  • Anesthesiologists: 1,809

  • Emergency medicine: 1,779

  • Cardiology: 1,683

  • Oncology: 1,235

  • Endocrinology, diabetes, and metabolism: 514

  • All other specialties: 7,746

In a state that boasts high rankings of quality of health and a ratio of 323 patients for every 1 doctor, the matter of having stable financial security is very important. To achieve the best kind of financial security, physicians should have comprehensive disability insurance.

Individual vs. Employer Disability Insurance

The most comprehensive physician disability insurance means having a true own-occupation definition, which we explain in detail in Chapter 2 of our Guide. Basically, true own-occupation means that if you get disabled with an unpredictable catastrophic illness or injury, you will collect your full monthly benefits and still have the freedom to work elsewhere. You may not be able to work in your specialty, but you can work in any other area of expertise and utilize the medical education you’ve invested so much into. The full purpose of getting disability insurance with a true own-occupation definition is to obtain that optimal financial security you need.

Most employers will provide some sort of disability insurance as part of their benefits package. Unfortunately, their policies will come with several challenges for you to obtain any sort of financial security, such as:

  1. Employers don’t offer true own-occupation for their policies. In fact, most employers strictly offer any own-occupation definitions, which means in order to be classified as “disabled” and collect your benefits, you have to give up working any time while you collect your benefits. In addition…

  2. Employers will tax any benefit money you collect from your policy. Not only will you be unable to work and will only collect money from your benefits payout, any money you do collect will be taxed, leaving you with considerably less income than before you became disabled.

  3. Employers have sole right to cancel or change your policy whenever they want. As the owner of your disability insurance policy, your employer retains the right to cancel or modify your policy at any time.

  4. Employer policies are non-transferable. If you happen to find an employer who provides a good disability insurance policy, you won’t be able to take that policy with you if you decide to go to another employer. This is problematic if you’ve spent years paying into your good policy, or if your next employer doesn’t offer quite as good of a policy as your last.

Let Pattern Do What We Do Best

Hopefully, we’ve helped you understand not just the importance of getting physician disability insurance, but disability insurance that offers the comprehensive financial security that will most help you and your family. If not, we provide an in-depth explanation of all facets of physician disability insurance in our Beginner’s Guide.

At Pattern, our goal is to provide you with the resources and expertise needed both to fully understand physician disability insurance, but also to find the best policy for you. We are an independent agency, which means we don’t have any affiliation to any of the Big Five 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 Five Companies

  2. Compare your options: you review and compare your five 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.