According to Wikipedia , “Disability Insurance (DI) is a form of insurance that insures the beneficiary’s earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work.” It’s basically a form of insurance that will give you money if you become injured and are unable to work.
In researching if other EM physicians had disability insurance, I polled my physician friends via Twitter and Facebook. These are a few of the comments that I received
But the pesky question still remains – WHY should I get disability insurance?
It comes down to the eternal question of risk. It is the same question that is asked about any form of insurance. What is the risk that I will become disabled and require disability insurance? In the 2012 NY Times article , according to the Social Security Administration, a 20 year old person in 2011 had a 30% chance of being disabled at least for 6 months before retirement. But then they cite another NY Times article from 2010 which claims that the statistics involving disability vary WILDLY depending on whom you ask.Other important considerations that I have read regarding disability insurance when considering policy and coverage.
So what is real and what is not real? Should I get disability insurance in case I might not be able to perform my job? My job, which entails intubating people, placing central lines and transvenous pacers, and being mobile enough to examine hallway patients in the tiniest of spaces due to ED overcrowding? It’s a physical job, and don’t forget that most of this must be done urgently (and many times emergently).
There are many other considerations for disability insurance when debating whether to get it.
What do you think? Any opinion and thought is welcome!
Nikita ( @njoshi8 )
References for further reading: