Getting Disability Insurance if You Work in the Medical Industry

One of the perks of joining the Ontario Medical Association (OMA) is the ability to purchase this organization’s disability insurance. All members of the OMA, doctors, surgeons and physicians can join this organization. Once they have done this, they will have access to several disability insurance plans.

Physicians and Surgeons
With OMA, doctors and surgeons will be able to purchase one of two types of disability insurance. The first is disability income insurance that replaces the insured’s income if there is a disability. The other type, disability income insurance – high income, increases the amount that people in the medical profession will receive in the event of a disability. The first type offers the insured $15,000 each month, but by purchasing the high income policy, the insureds and their families receive $20,000 per month.

Chiropractors
Chiropractors will find disability insurance tailored just for their needs from insurance companies that also sell their professional liability insurance policies. They can purchase a policy that will protect them in the event that they are too injured to work. If they have contracted an illness and need a significant amount of time to recover, they will also receive monthly payment during this time.

Dentists
Members of the Canadian Dental Association will have access to the Canadian Dental Services Plans, Inc. (CDSPI), an insurance plan owned by the association. The CDSPI administers long-term disability insurance plans geared toward the needs of dentists. These plans offer dentists what the other medical professionals receive from their long-term disability plans, but also includes coverage if a dentist were to contract HIV or Hepatitis B or C without charging extra.

Dental Hygienists
Dental Hygienists have their own organization, called the Canadian Dental Hygienists Association (CDHA). When dental hygienists join the CDHA, one of the options they will have is purchasing long-term disability insurance under the Canadian Dental Hygienists Association Insurance Plan. To be eligible for these plans, Dental Hygienists must be members of the association, have a permanent residence in Canada, be under the age of 65 and work at least 18 hours per week.

Veterinarians
By becoming a member of the Canadian Veterinary Medical Association, Veterinarians have someplace where they can purchase long-term disability insurance for more competitive prices than they will receive from individual plans. Canadian Veterinarians are free to apply to join the organization, and after they have done so, they may receive a 10 percent discount off of their insurance premiums.