Medical Student Disability Insurance
Disability Insurance coverage is mandatory for all medical students.
The Association of American Medical Colleges (AAMC) has mandated that all medical schools make disability insurance available to their students. All Loyola medical students have been covered by this mandatory plan since 1995. We believe that disability insurance is a necessity for all medical students as a source of income to pay living expenses, loan repayment, etc, in the event of disability.
While no medical student anticipates needing disability coverage, unexpected or catastrophic medical illness or injury can arise. In these cases, this policy provides essential coverage to the affected person.
The Stritch School of Medicine disability program has been specifically designed for the Consortium of Illinois Medical Schools. Unum Corporation underwrites the policy and Rx Financial 草莓社区, Inc./KME Insurance Brokerage, Inc will provide service to you.
| Monthly Disability Benefit | $2,000.00 |
Plan Features:
- Benefit Period—To Age 65
- Waiting Period—180 days
- Guaranteed Issue—An individual policy issued without medical or financial questions.
- Portability—Upon graduation your policy can be continued into Residency and private practice.
- Substantial Premium Discounts—Lower premiums to age 65.
- Comprehensive Coverage—Professional definition of disability
Once enrolled in the Unum insurance policy, students will receive an individual policy outlining coverage and a “service packet” containing more detailed information.
Students are automatically billed in LOCUS for the disability premium based on their age as of August 1st of that year. First year medical student's premium is a prorated premium based on 11 months of coverage. Thereafter, students will be billed the annual premium each year.
In the event of an approved leave of absence from the Stritch School of Medicine, students have the option of paying the premium for the Disability Insurance directly to RX Financial 草莓社区, INC/KME Insurance Brokerage, Inc. Students are encouraged to maintain continuous coverage. Interruptions in coverage may cause a student to see a change in their plan upon resumption of enrollment and continuation of the mandatory insurance.
Questions? Please call KME Insurance Brokerage, Inc. at (312) 374-1328.