Philadelphia Medicine Fall 2020 - 31

p h i l a m e d s o c .o rg

When a patient meets with his or her doctor to discuss a health
issue, he or she expects the notes the doctor makes to be clear and up
to date. In most cases, doctors report about their patients' conditions
in a way they expect only a select few others to understand-perhaps
other staff members or physicians. But medical records aren't written
for insurance underwriters, and therefore, the above scenario emerges
quite often.

It's important for medical residents to do their homework before
applying for disability income insurance. And, before considering,
selecting or purchasing disability income insurance, residents, fellows
and attending physicians should be sure to ask their financial adviser if
they regularly work in, and have an extensive knowledge of, disability
income insurance.

in the smoking case above, are unavoidable. Or, a fellow will be so
certain that she won't receive a limitation based on her history, and
then, for some dubious reason, she'll receive one. An adviser adept
in the disability income insurance space will know how to get to the
bottom of it and remove exclusions when appropriate, or eliminate
them down the road.

Kevin P. Nicholson offers products and services using the following business
names: Walsh & Nicholson Financial Group - insurance and financial
services | Ameritas Investment Company, LLC (AIC), Member FINRA/
SIPC - securities and investments | Ameritas Advisory Services (AAS) investment advisory serivces. AIC and AAS are not affiliated with Walsh
& Nicholson Financial Group. AIC is not affiliated with PICPA.

For those without policies, now is an opportune time to acquire a
Another client experienced a scenario in which he had a higher disability income insurance contract that you can lock into for years
premium charged for his disability income insurance offer. At one of to come. Contracts are easy to obtain and there are a number of
his prior annual physicals, his doctor asked if he smoked. My client options available. The Student Loan Protection Rider will cover some
said no, other than a yearly celebratory cigar. Little did he know, or all of your student loan payments while you are disabled, and the
his doctor listed him as a smoker in his medical records anyway. Guaranteed Increase Option (GIO) will allow you to increase your
Unsurprisingly, when he applied for disability income insurance a coverage at a later date without undergoing additional underwriting.
little while later, my client received a surcharge for smoking. After a With Covid-19 cases again on the rise, the number of people who
lengthy back and forth, we were eventually able to have the higher will face a host of unknown long-term health effects associated with
contracting the virus will also increase. Be prepared and research
rate reduced to a nonsmoker rate.
Sometimes, discrepancies between client and doctor, such as your options. *

Having problems with
alcohol or drug use?
* confidential
* seasoned experts
* positive outcomes

Call us today
for a consultation.
484.445.4145 * www.providencetreatment.com
Fall 2020 : Philadelphia Medicine 31

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Philadelphia Medicine Fall 2020

Table of Contents for the Digital Edition of Philadelphia Medicine Fall 2020