What is the grace period for getting a resident or fellow discount for disability insurance?

In this episode, we're going to cover trainee discounts.

I work with physicians nationwide, helping them secure their private specialty disability coverage.

And a common question for residents and fellows is, hey, is there a grace period for getting the discount? A lot of planning and transition and Moving across the country and other things are going on as people approach graduation.

Sometimes they're hoping to take care of this sooner than later.

Other times they're wanting to wait as long as they can.

So it's a very valid question.

There are four top-tier specialty carriers, MassMutual, Guardian, Principal, and Emeritus.

They're all four excellent.

They all four offer trainee discounts.

They vary in the grace period that they will give you.

In terms of how long after graduation, post-graduation, you can still access the trainee discount.

Match Mutual and Guardian are currently 90 days from the date that you finish training, your last day of training.

So if you finish June 30th, you have until September 30th.

to get the trainee discount.

If you apply in October, you don't get the trainee discount.

So that's just how that works.

Principal and emeritus have a 180-day or six-month grace period.

So again, same example, you graduate June 30th, you have until December 30th or 31st to get the trainee discount.

Now, of course, if you're going through medical screening, you're kind of rolling the dice as far as being healthy-ish.

You don't start any new prescriptions.

You don't have any health conditions that pop up, anything new on your chart that could make the medical screening more muddy.

Also, if you're moving, then the state you live in when you buy the insurance can change the rate.

So you want to check the details of that.

I've got other podcasts that I've covered in that on that topic.

And also, it just depends on whether or not you're disabled, I mean, or whether or not you're at work.