Percent More or Less than Average Premium
Policy Options from All of the Big Five Companies:
Unisex Policies Offered
*The information on this page is 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.
Montana is located in the Mountain West subregion of the Western United States, which includes 7 Mountain States such as Arizona, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. The term “Mountain State” refers to the U.S. states that surround the Rocky Mountains; in fact, the western half of Montana contains 77 named mountain ranges.
Montana’s total state area covers 147,000 square miles, including 145,500 square miles of land and almost 1,500 square miles of water. With a national rank of 4th for largest state by area, Montana ranks 40th for population, which includes less than 1.1 million residents.
The low number of populated areas in Montana can be felt throughout the state’s healthcare industry. While Montana does have several Trauma II hospitals in three of its cities, it lacks Trauma I hospitals.
As of 2021, there is a total of 1,152 active physicians in Montana who provide specialty care in a variety of areas including:
Emergency medicine: 124
Endocrinology, diabetes, and metabolism: 7
All other specialties: 452
Let Pattern Help
As an important factor for financial security, physician disability insurance is a type of insurance that provides income in the event that you are unable to work due to an injury or illness. The experts at Pattern are highly educated and experienced with disability insurance for doctors.
Our goal is to provide you with the resources and expertise needed to fully understand physician disability insurance. As an independent agency, we don’t have any affiliation with the Big Five Companies that offer physician disability insurance and are only looking out for you and your best interests.
When you work with Pattern to find disability insurance, we work with you to complete 3 simple steps:
Request your quotes: you fill out a quote request form, and we submit it to each of the Big Five Companies
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.
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.
We know how difficult it can be to understand generally what disability insurance is, how it affects income security for physicians, and the best ways to find a comprehensive plan for you. Unlike your employer, we are dedicated to finding you the best disability insurance policy that meets your needs.
Employer vs. Individual Disability Insurance
Most employers will provide some short-term disability insurance as part of their benefits package when you get hired. Unfortunately, any income you accept from their policy will be taxed, unlike the income you would receive via an individual plan from one of the Big Five Companies that provide physician disability insurance.
As we discuss in Chapter 6 of our Beginner’s Guide, employer disability insurance policies are not true own-occupation insurance policies and are non-transferable. True own-occupation is a policy definition that pays you your full benefit amount if you can’t perform your specific job duties, but can still be employed somewhere else.
Are you a surgical oncologist with a mental health disorder disability? With true own-occupation, you can collect your full benefit payments and still work as a medical oncologist. If you don’t have a disability, but decide to move to a different employer before the end of your medical career, you would no longer be insured through your old employer’s policy and it’s likely you will have a more expensive premium under the new employer’s policy.
For more information on how employer-provided physician disability insurance policies don’t have your best interests at heart, read Chapter 6 of our Beginner’s Guide.
For more information about disability insurance, read our Guide to Physician Disability Insurance!