disability insurance

[SaintJude]

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So looking to start medschool this year (early 20s). Should I get long-term disability insurance on my own if my parent is part of a union group member package?

Or do all med school students get disability insurance at the start of med schoool?

 

[NickNaylor]

I'm not sure if ALL students do, but we were forced to carry disability insurance. I have no idea if this is required at most schools or if we're a fluke.

Sent from my SAMSUNG-SGH-I717

 

[113]

Disability insurance for what? Med students have no income to insure.

http://en.wikipedia.org/wiki/Disability_insurance
Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work.

 

[LizzyM]

Disability insurance provides you with income if you are unable to work in the future. A catastrophic injury could leave you holding the bag for all those loans and no way to practice medicine. Depending on how your loans are structured, if you stop attending school, you might have to start paying back the loans rather soon.

 

[113]

Disability insurance provides you with income if you are unable to work in the future. A catastrophic injury could leave you holding the bag for all those loans and no way to practice medicine. Depending on how your loans are structured, if you stop attending school, you might have to start paying back the loans rather soon.

Interesting. I didn't know this existed.

UW's LTD has a "Loan Payoff Benefit" of up to $200,000.
http://www.washington.edu/admin/hr/benefits/insure/students/medical/ltd-medstudents.html

 

[MR Insurance]

Just as a general note, private insurance carriers do not offer disability insurance to med students until 3rd or 4th year. You may not have a choice but to accept whats offered through your school.