Specialized Solutions for a Stronger Practice
Medical practices large and small face unique risks and the rate of physician turnover and retirement is increasing. In fact, the turnover rate for physicians is at its highest rate since 2005.1 That’s why we’ve developed specialized group life, disability, and accident insurance solutions to help protect and strengthen a business’s recruiting and retention effort and could help cut the costs associated with turnover. Some of our most popular features among medical professionals include:
- Group contracts specifically designed for medical groups to help address the unique needs of the profession
- Flexible, enhanced coverage
- Specialty and Sub-specialty definition of occupation protection for physicians
- No self-reported symptom limitations
- Voluntary life with a guaranteed issue amount of up to $150,000 for physicians and $100,000 for all other staff
Experience Exceptional – The Hartford Difference
There are many benefits to working with our dedicated claims and underwriting teams:
- Our claims specialists average more than 15 years of service processing claims.
- For more than 11 years, our claimant satisfaction rating has exceeded 90%.2
- We have a deep understanding of essential duties – including physician specialties and sub-specialties.
- Our dedicated underwriters understand the unique business risks facing the medical industry and price plans appropriately.
Benefits Administration Simplified
For over 50 years, we’ve helped make administering benefits for the healthcare industry easier through dedicated service and support. Our product features add value, not managerial burden, so you can offer your employees affordable coverage while enjoying the benefits of streamlined administration.
Additional Information for Medical Professionals
List Billing for Medical Groups – provides the details businesses need to deduct the correct premium for each covered employee.
Learn More About List Billing for Medical Groups
Claimant Satisfaction – for more than 11 years running our claimant satisfaction rating has exceeded 90 percent.
Learn More About The Hartford’s Claimant Satisfaction
Carrier Assessment Tool – evaluate carrier provisions that are important to medical groups.
Learn More About The Hartford’s Carrier Assessment Tools
Voluntary Life for Medical Groups – generous voluntary coverage for smaller medical groups.
Learn More About Voluntary Life for Medical Groups
Specialist Model – The Hartford’s program exclusively for medical groups.
Learn More About The Hartford’s Specialist Model
Enhanced Group Contracts – explains flexible coverage specifically designed for Medical or Dental Groups.
Learn More About The Hartford’s Enhanced Group Contracts
Hospital Groups – explains customized benefits solutions to fit the unique risk profiles of hospital physicians and executives.
Learn More About The Hartford’s Hospital Group Coverage
The High Cost of Physician Turnover – explains how The Hartford’s group long-term disability policy can help attract and retain physician employees.
Learn More About the High Cost of Physician Turnover
The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including issuing companies Hartford Life Insurance Company and Hartford Life and Accident Insurance Company. Home Office is Hartford, CT.”
1 9th annual Physician Retention Survey from the American Medical Group Association (AMGA) and Cejka Search; cited in “Physician Turnover Remains High as More Physicians Retire” article, 8/21/14.
2 Bourget Research Group, Claimant Satisfaction Surveys, 2003-2008. Percentage represents unweighted combination of LTD and STD claimant responses of “completely” or “mostly” satisfied. GfK Claimant Satisfaction Study, 2009-2015.
Accident Form Series includes GBD-1000, GBD-1300, GBD-2000, GBD, 2300. Critical Illness Form Series includes GBD-2600, GBD-2700. Disability Form Series includes GBD-1000, GBD-1200. Life Form Series includes GBD-1000, GBD-1100. Hospital Income Plan Form Series includes GBD-2800, GBD-2900. Group Retiree Health Form Series includes GBD-2400, GBD-2500.
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