TMAIT: Insurance Guidance for Texas Physicians at Each Stage of Life

Created and endorsed by TMA, the Texas Medical Association Insurance Trust (TMAIT) helps physicians, their families, and their employees get the insurance coverage and retirement planning they need.

The TMAIT has been exclusively serving TMA members since 1955. Because it was created and is endorsed by TMA, the TMAIT is committed to serving Texas physicians for the long term and understands the unique needs of physicians and their medical practices.

The TMAIT offers a wide range of insurance plans for individual physicians and medical groups, including medical, life, long-term disability, short-term disability, long-term care, dental, vision, key person life insurance, key person disability insurance, and business overhead coverage. The TMAIT can provide voluntary insurance plans (plans where employees opt in and pay 100 percent of the premium) such as dental and vision insurance.

The TMAIT works with each group medical practice to design a program that meets its unique needs. James Prescott, TMAIT Associate Administrator, says there are many things a practice owner must consider when putting together an insurance benefits package for his or her employees. Many factors affect costs, including deductibles, copays, prescription drug coverage, waiting periods, and whether or not the practice owner is paying 100 percent of the premiums, or asking employees to contribute a percentage.

Mr. Prescott encourages physicians to consider these questions when choosing an insurance benefits package for their medical practice:

  • What do the employees need when it comes to insurance?
  • How many staff members will elect to cover their children or families on the plan?
  • Are there any specific health concerns affecting staff members?
  • How much can employees afford to pay in premium payments, deductibles, and copays?

"The answers to these questions can help guide the practice to a plan that fits the practice and the budget," Mr. Prescott says. "TMAIT will work with the physician and practice administrator to determine the answers to these and other questions, and will recommend only the coverage that is appropriate for the practice — we never recommend programs the practice doesn't need."

For more information, call (800) 880-8181, e-mail or visit the TMAIT Web Site .