The Texas Medical Association Insurance Trust: Everything Physicians Need to Know

The Texas Medical Association Insurance Trust (TMAIT) provides personalized insurance solutions designed specifically for physicians in Texas. Established in 1979, TMAIT offers exclusive access to affordable and comprehensive insurance coverage.

This guide will cover everything Texas physicians need to know about TMAIT, including:

• Overview of TMAIT and their services
• Types of insurance offered
• Eligibility requirements
• Benefits of using TMAIT
• How to get a quote and apply
• And more valuable information

Whether you are a practicing physician, resident, or medical student, understanding the Texas Medical Association Insurance Trust can help you secure the right protection for your needs.

Overview of TMAIT

The Texas Medical Association Insurance Trust is a non-profit insurance provider created by the Texas Medical Association (TMA) to serve member physicians. They offer a wide range of insurance products at group discounted rates.

TMAIT provides coverage options in these main categories:

• Health insurance – Individual, Medicare, dental, critical illness

• Life insurance – Term, whole, universal, survivorship

• Disability insurance – Individual disability, overhead expense

• Business insurance – Professional liability, data breach, employment practices liability

• Auto/home insurance – Personal lines of insurance

The trust is owned and governed by TMA members and endorsed as a TMA member benefit. However, TMAIT coverage is available to all Texas physicians, not just TMA members.

TMAIT’s mission is helping physicians protect their practices, income, assets, and families through all career stages.

Insurance Offered to Physicians

Let’s take a more in-depth look at the types of insurance the Texas Medical Association Insurance Trust provides Texas physicians:

Health Insurance

• Individual health – TMAIT provides individual and family medical plans compliant with the Affordable Care Act from leading insurers like Blue Cross Blue Shield of Texas and Scott & White Health Plan.

• Group health – For practices with at least 2 employees, TMAIT facilitates group health plans with benefits like dental, vision, life insurance add-ons.

• Medicare plans – Supplemental and Advantage plans from top Medicare providers are available to physicians 65+.

• Ancillary benefits – Dental, vision, critical illness, and accident insurance is offered.

Life and Disability Insurance

• Term life – Offers 10, 15, 20, and 30 year term policies with coverage up to $10 million.

• Permanent life – Whole life and universal life plans are available for lifetime protection.

• Disability insurance – Own occupation individual disability policies replace lost income if you can’t work.

• Overhead expense – Coverage for office overhead costs like rent, staff payroll, and utilities in the event of a disability.

Professional and Business Insurance

• Medical liability – Occurrence and claims-made medical malpractice insurance through Texas Medical Liability Trust.

• Cyber liability – Covers costs related to data breaches, hacking, identify theft and electronic media claims.

• Employment practices liability – Protects against claims like wrongful termination, discrimination, sexual harassment.

• Workers compensation – Covers medical care and lost wages for employees injured on the job.

• Commercial insurance – General liability, property, and other business coverages.

Auto and Home Insurance

TMAIT offers personalized auto and homeowners/renters insurance through a network of leading insurers. Discounts are available for TMA members.

Who is Eligible for TMAIT Insurance?

TMAIT coverage is available to all licensed Texas physicians in active practice or residency programs. This includes:

• Medical students
• Residents and fellows
• Physicians employed by hospitals/health systems
• Solo practice owners
• Physicians in group practices
• Retired physicians

Spouses and dependents can also be added to health, life, and disability policies.

TMA membership is NOT required to get insurance through TMAIT. However, TMA members may receive certain discounts or benefits.

Key Benefits of Using TMAIT

There are many advantages to getting insurance through the Texas Medical Association Insurance Trust:

Group rates – As a large group, TMAIT can negotiate discounted premiums from top insurance carriers. Rates are generally 10-15% lower compared to individual policies.

Plan variety – Choose from multiple highly-rated insurance companies for each product. Find the coverage that best fits your needs and budget.

Easy enrollment – Simplified application and underwriting process with medical underwriting often waived.

Expert help – Get advice from TMAIT’s licensed agents who specialize in physician insurance planning. Assistance is provided at no added cost.

Policy reviews – Coverage is routinely reviewed by TMAIT advisors as your needs change to ensure adequate protection.

Focused customer service – Questions and claims handled promptly by TMAIT’s dedicated member services team.

Trusted reputation – Exclusive TMA endorsement provides added credibility and peace of mind.

Free resources – Take advantage of risk management and wellness programs offered through TMAIT at no additional fee.

How to Obtain a Quote and Apply

The process of getting a quote and applying for coverage through the Texas Medical Association Insurance Trust is simple:

1. Request a quote – Call 800-880-8181 or visit their website and complete the online quote form. Provide details on your specialty, age, coverage needs, etc.

2. Speak with an agent – A licensed TMAIT agent will contact you to discuss coverage options and provide a personalized insurance quote.

3. Submit your application – To move forward with purchasing a plan, complete the application and submit along with any required documentation.

4. Acceptance and billing – Once approved, you will receive a policy packet with ID cards, documents, and billing information. Many payments can be automatically deducted from a bank account.

TMAIT advisors are available to walk you through every step from getting a quote to answering questions after enrollment. Contact TMAIT today to start the process.

Why Texas Physicians Should Consider TMAIT

Finding affordable insurance tailored to physicians can be challenging. The Texas Medical Association Insurance Trust simplifies the process by bringing together top insurers and group purchasing power.

TMAIT offers physicians exclusive access to robust plans and premium savings. Their experienced advisors provide personalized guidance at no cost to help select the right coverage.

Whether you need an individual health plan, business insurance for your practice, or protection for your family and income, the Texas Medical Association Insurance Trust has you covered. Partnering with TMAIT ensures Texas physicians get insurance that meets their unique needs.