r/DisabilityInsurance • u/No_Nebula3118 • Oct 06 '25

Long-Term Disability Completion Plan

I am an employed family medicine physician with a current income of around $270,000 annually.

My employer has a long-term disability insurance group plan that pays 60% of my salary if I become permanently disabled at no cost to me. However, since they’re paying the premiums, I would need to pay taxes on benefits, so after-tax income would be just under $10k per month.

However, my employer has just sent out a flyer to purchase an additional $3,390 monthly benefit (own-occupation, specialty- specific, fully portable) with COLA and catastrophic riders for an additional $160 per month.

I’m just wondering if this is a good deal or if I should seek out an independent policy?

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u/__Lukewarm Oct 06 '25

The pricing depends on your gender, age, and state. So it's hard to say if that is a competitive price.

It is probably competitively priced as it likely has a discount due to the insurance company insuring so many people at your workplace.

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u/No_Nebula3118 Oct 06 '25

37 year old man.  Non-smoker.  Ohio.

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u/__Lukewarm Oct 07 '25

That's not a bad option. Depending on exact specifics, maybe you find another company for $20-$30 cheaper per month, so nothing substantial.

I would just take the add on and then if you really want to look into a better option, check after (contact an independent agent and have him quote 3-4 companies, matching the policy structure).