Fwd: Disability Insurance FYI

[Deutsch-Link, Sasha]

Hi 2016ers/5th year folks :)

Just wanted to pass along the following information for you all for next year. When they start discussing disability insurance with you and your head spins, you should DEFINITELY look into the options I’ve written about below. The independent brokers that Yale sets you up with are nice, but make TONS of commission on plans they sell you, and are not transparent in the slightest. Protect yourself and your wallet :)

I’d be happy to answer any more q’s — or next year when it comes up, because I’ve had too much time on my hand and researched the hell out of this! 

link....@gmail.com

-Sasha

Begin forwarded message:

From: YaleConnect <sasha.deu...@yale.edu>

Subject: Disability Insurance FYI

Date: April 27, 2016 at 6:37:44 PM EDT

To: "Cheng, Connie" <connie...@yale.edu>

Cc: "Grunseich, Karl" <karl.gr...@yale.edu>, "Guo, Xiaoyue" <mona...@yale.edu>, "Albright, Benjamin" <benjamin...@yale.edu>, "Allen, Nancy" <nancy...@yale.edu>, "Bamdad, Michaela" <michael...@yale.edu>, "Baraban, Ezra" <ezra.b...@yale.edu>, "Barron, Daniel" <daniel....@yale.edu>, "Bergfeld, Nicholas" <nicholas...@yale.edu>, "Bi, Xiao" <xia...@yale.edu>, "Binford, Meredith" <meredi...@yale.edu>, "Brown, Cortlyn" <cortly...@yale.edu>, "Chang, Michael" <michael...@yale.edu>, "Chovatiya, Raj" <raj.ch...@yale.edu>, "Clark, Victoria" <victori...@yale.edu>, "Coffman, Matthew" <matthew...@yale.edu>, "Cohen, Stephanie" <stephan...@yale.edu>, "De Souza, Flavia" <flavia....@yale.edu>, "Di Bartolo, Isha" <isha.di...@yale.edu>, "Dzimitrowicz, Hannah" <hannah.dz...@yale.edu>, "Ezaldein, Harib" <harib.e...@yale.edu>, "Fitzgerald, Kelly" <kelly.fi...@yale.edu>, "Giles, Erica" <erica...@yale.edu>, "Guillod, Paul" <paul.g...@yale.edu>, "Hernandez, Amanda" <amanda.h...@yale.edu>, "Holder, Tara" <tara....@yale.edu>, "Idossa, Dame" <dame....@yale.edu>, "Jairam, Vikram" <vikram...@yale.edu>, "Jawitz, Nicole" <nicole...@yale.edu>, "Jawitz, Oliver" <oliver...@yale.edu>, "Jin, Sarah" <sara...@yale.edu>, "Kasowski, Maya" <maya.k...@yale.edu>, "Kim, Chang-Yeon" <chang-y...@yale.edu>, "Kim, Richard" <richa...@yale.edu>, "Kong, Derek" <derek...@yale.edu>, "Kundishora, Adam" <adam.ku...@yale.edu>, "Lerner, Benjamin" <benjami...@yale.edu>, "Lukasiewicz, Adam" <adam.luk...@yale.edu>, "Mafolasire, Abiodun" <abiodun.m...@yale.edu>, "Mekonnen, Bethlehem" <bethlehem...@yale.edu>, "Mikhail, Matthew" <matthew...@yale.edu>, "O'Brien, Elizabeth" <elizabet...@yale.edu>, "Oh, Michael" <micha...@yale.edu>, "Okin, Daniel" <danie...@yale.edu>, "Overton, Eve" <eve.o...@yale.edu>, "Rathi, Vinay" <vinay...@yale.edu>, "Reid, Duncan" <dunca...@yale.edu>, "Ross, Robert" <rober...@yale.edu>, "Rowlands, Megan" <megan.r...@yale.edu>, "Rubio, Luis" <luis....@yale.edu>, "Safonov, Anton" <anton....@yale.edu>, "Samuel, Andre" <andre....@yale.edu>, "Sandler, Britt" <britt....@yale.edu>, "Sandler, Jason" <jason....@yale.edu>, "Say, Rollin" <rolli...@yale.edu>, "Schwam, Zachary" <zachary...@yale.edu>, "Shi, Veronica" <veroni...@yale.edu>, "Soble, Whitney" <whitne...@yale.edu>, "Sokolow, Shalom" <shalom....@yale.edu>, "Stabenau, Hans" <hans.s...@yale.edu>, "Stachelek, Gregory" <gregory....@yale.edu>, "Standish, Katherine" <katherine...@yale.edu>, "Stein, Anna" <anna....@yale.edu>, "Su, Kevin" <kevi...@yale.edu>, "Sun, Jared" <jare...@yale.edu>, "Sung, Minhee" <minhe...@yale.edu>, "Takasaki, Kaoru" <kaoru.t...@yale.edu>, "Tchouta, Lise" <lise.t...@yale.edu>, "Van Dams, Ritchell" <ritchell...@yale.edu>, "Vassall, Aaron" <aaron....@yale.edu>, "Vu, Linh" <lin...@yale.edu>, "Wang, Hanbing" <hilar...@yale.edu>, "Weatherly, Jacob" <jake.we...@yale.edu>, "Webb, Matthew" <matthe...@yale.edu>, "Winer, Joel" <joel....@yale.edu>, "Wong, Kenneth" <kennet...@yale.edu>, "Wright, Aileen" <aileen...@yale.edu>, "Xu, Chao ying" <chaoy...@yale.edu>, "Yang, Jenny" <jenny...@yale.edu>, "Yuan, Amy" <amy....@yale.edu>, "Yuh, Tiffany" <tiffa...@yale.edu>, "Zaidi, Samir" <samir...@yale.edu>, "Zhu, David" <davi...@yale.edu>, "Zhu, Victor" <victo...@yale.edu>, "Zinoviev, Radoslav" <radi.z...@yale.edu>, "cchen...@gmail.com" <cchen...@gmail.com>

Hey all!

Hope you are all enjoying some time off and are still celebrating the awesome match!

I just wanted to share something with you I learned about disability insurance options that Penn and many other residency programs offer. Penn offers an individual disability insurance policy with discounted rates to all new interns. It is own-occupation until age 65, non-cancelable, guaranteed-renewable, with 3% COLA, catastrophic rider, and guaranteed ability to cover up to $15,000 per month. You pay premiums yourself so it is not taxed and it is portable wherever you go. I talked to Penn and they said this policy is usually cheaper for residents. Apparently several residencies are beginning to offer this sort of benefit too, and it is most likely cheaper than the policies offered from Jesse/Neil. Also a plus - no extensive medical exam or underwriting (I think it’s just a simple application), i.e. no increased premiums for rock climbing/mountain climbing in the past two years! I talked to Penn residents and pretty much everyone chooses this. Hopefully your programs do too!

Also, our group coverage from Yale does not expire until August 31st, so you could definitely apply for both, see which is cheaper and choose that (your coverage won’t lapse and you are eligible for the discounts until then). Also, I know that independent brokers do have some leeway in lowering prices so if you show them a competing plan, they might reduce the premiums a bit. I felt like Jesse wasn’t totally transparent about other options (these independent brokers apparently make tons of commission on personal policies - like your first year of premiums and then a cut for the rest of your payment period!), so dug into a little research myself.

Hope this is helpful to some of you :)

Cheers,

Sasha

[Sreekrishnan, Anirudh]

Credit to Sasha. I'm just re forwarding an old email.

Anirudh

Sent from my iPhone

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[Robinson, Nathaniel]

Anirudh is MVP, would be better president than our country’s current president.

[Vu, Linh]

http://whitecoatinvestor.com/disability-insurance-part-4-the-riders/

This page seems pretty helpful and easier to understand. He has a whole series on disability insurance that makes it a lot easier to digest.

- Linh

[Naiditch, Hiam]

B"H

Thanks a lot, Anirudh and Sasha.
This really is 'uge.

:-)

Hiam Naiditch
MD Candidate | Class of 2017
Yale University School of Medicine
412-973-1592