Often, physicians and other medical professionals are automatically given these contracts for free through the employer OR they buy these plans; either because they want to supplement the free one or there isn’t a free one. **We discuss ways this can be very problematic for you if you go on claim.**
**We are not tax advisors – typical rules in regards to disability plans is listed below:**
If you are given a free group disability insurance policy at work, it is typically taxable upon receipt since you never paid for it.
If you buy a plan with after-tax dollars, typically this means that the benefits are tax-free upon receipt. No double taxation on your disability income benefits.
Our physician guide here explains this in more detail: https://www.www.mddisabilityquotes.com/physicians-guide
Our Group vs. Private Contract video is here: https://youtu.be/7enAnIXXJxg
If you want a disability insurance review, please print our FREE CHECKLIST, then schedule a time to discuss your plan here: https://www.www.mddisabilityquotes.com/schedule-a-meeting
