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Income insurance for medical residents is now widely available. In addition to basic disability insurance for resident physicians, there are some important provisions you should consider adding to your program. As you serve your residency, you are in a somewhat precarious position, working the many hours required and frequently suffering sleep deprivation. It is also a given that your income may increase rapidly once your medical resident's duties are completed. One of the most important to consider is a Future Increase Option (FIO).
While you should have basic disability insurance for medical residents, you should also strongly consider protecting yourself in at least two other areas.
Refer to your insurance policy contract for specific information regarding your coverage and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.