CRNA Disability Insurance

CRNA Disability Insurance

CRNAs (Certified Registered Nurse Anesthetists) are familiar with the risks involved when working. A simple injury or a sickness could prevent a nurse anesthetist to perform their job duties. That’s where disability insurance comes in. Disability insurance is designed to pay a monthly benefit in the event you become too sick or injured to work.

As a CRNA, it is important to protect your income if you can no longer work as a CRNA, even if you are able to work elsewhere. For instance, if you were to become arthritic and could no longer work as a CRNA, you want to make sure you have a policy that would pay you benefits, even if you were no longer working as a CRNA.

Discounts for CRNAs Affiliated with Hospitals

Some CRNAs are affiliated with a hospital. If so, look for disability insurance discounts available exclusively through Set for Life. For women, these unisex rates can save you up to 55% on your premiums. If you ever leave your discounted employer, the discounted rates stay with you even if you increase your policy in the future. For men, the discounts are approximately 15%.

If you are independent, you may need to purchase your own individual disability policy. If you would like the benefits to be payable to you non taxable, be sure to pay the premiums from a personal checking account and do NOT deduct the premiums from your taxes. The advantage of carrying an individual disability policy is that it is portable and can go with you wherever your career takes you. There is no offsetting available amount because of a large group disability policy.

Many CRNAs consider their association plan. While the premiums may be less expensive when you are younger, they rise with age. Consider purchasing an individual policy that is non cancelable, guaranteed renewable. This locks in your rate until age 65 and disallows the company from ever modifying or changing your premium.

For more information about disability insurance for CRNA Nurse Anesthetists, please contact the Set for Life Insurance office today to request a comprehensive quote comparison personalized just for you.

Individual Disability Insurance vs. Association Plan

As a CRNA, it may be beneficial to look for your own individual disability policy. This would allow you to protect your income throughout your career, even if you change employers, have a change in health or if you move to another state. Having portable protection that is flexible is key.

If you are a CRNA student, you may be eligible to purchase a policy even before you have your first job. This would allow you to secure a policy to protect your future income even if you have an adverse change in health. Additionally, if you are affiliated with one of the Set for Life discounted institutions, you can lock in your rates. The discount would even apply to future increases! If you are a female CRNA, this could save you approximately 55%!

CRNAs, like physicians and other medical professionals, should look for in an individual disability insurance policy with specific policy provisions.

Are you ready? Get set - for life!

Maggie O’Grady, CRNA, Lehigh Valley, PA

I heard about Set for Life Insurance through my fellow CRNAs. I am so grateful. Not only did Set for Life compare all of the top companies, they were able to offer discounts that made the premiums much more affordable. I would highly, highly recommend Set for Life Insurance to any CRNA!