As a medical resident at Weill Cornell Hospital, you’re on a path of dedication and hard work, laying the foundation for a rewarding career in medicine. However, amidst your demanding schedule, one critical aspect often overlooked is securing your financial future. That’s where Guaranteed Standard Issue (GSI) disability insurance comes into play.

Here’s why GSI coverage is a game-changer and why Weill Cornell residents should make it a priority.

What is Guaranteed Standard Issue (GSI) Disability Insurance?

GSI disability insurance is a special type of individual policy designed for residents and fellows. Unlike traditional policies, GSI plans offer coverage without requiring medical exams or the disclosure of detailed health histories.

Why GSI Matters for Medical Residents

1. Coverage Without Hassle: Traditional disability insurance policies often require extensive medical underwriting, which can result in higher premiums or exclusions for pre-existing conditions. GSI policies bypass these barriers, ensuring that all residents are eligible for quality coverage.
2. Affordable Rates: As a resident, your income is limited compared to what you’ll earn later in your career. GSI policies include discounted premiums, tailored to fit a resident’s budget while still offering robust protection.
3. Future Increase Options: GSI plans include the ability to increase coverage as your income grows, without needing further medical underwriting. This flexibility allows you to maintain adequate coverage as your financial needs evolve.
4. Tailored for Physicians: The GSI policies available to medical residents often include key features like own occupation, specialty-specific coverage. This ensures that if you’re unable to work in your trained specialty, you’ll still receive benefits—even if you choose another specialty or other occupation.
5. Peace of Mind: Medical residency is stressful enough without worrying about the financial fallout of an unexpected illness or injury. GSI coverage provides peace of mind, knowing your financial future is safeguarded.

GSI Options at Weill Cornell Hospital

These plans are designed specifically for your unique needs as a physician-in-training. Here’s what you can expect:

• No Medical Exams or Health History Required: Your eligibility is based on your status as a resident, not your health.
• Discounted Rates: Save up to 30% on your current and all future increases with the resident discount.
• Portable Policies: Your coverage remains with you even after you graduate and move to a new employer.
• Future Insurability: Increase your coverage as you transition to an attending physician without further underwriting.
• Own Occupation Definition of Disability: The policy will cover you if you are too sick or injured and can’t work in your medical specialty even if you can work in another medical specialty.

To be eligible for a GSI policy, you MUST apply for the GSI FIRST! If you apply elsewhere, you are no longer eligible.

For detailed information about GSI for residents at Weill Cornell, go HERE!

To schedule an appointment with Set for Life, schedule HERE!