PROVIDERS YOU CAN COUNT ON
The NYU School of Medicine sponsored Medical Student Group Disability Insurance policy was developed by Health Sciences Assurance Consulting, Inc. (HSAC) in collaboration with the Office of Student Affairs. The insurance plan was developed to meet unique needs faced by medical students and is periodically updated based upon input from students and advisors.
The NYU School of Medicine sponsored group disability plan is sponsored by the American Medical Association (AMA) and underwritten by The Standard Insurance Company, 900 SW Fifth Avenue, Portland, OR 97204.
Students suffering a disabling injury or illness should submit notice of their disability to Standard within 30 days of their disability. Disability claim forms are available by clicking the Documents tab.
Due to a New York State Department of Financial Services (NYDFS) legal opinion, all communication regarding the NYU School of Medicine AMA MedPlus Advantage Long Term Disability plan must be done electronically or in writing. Questions and resources regarding coverage can be obtained from HSAC and the AMA by emailing nyusom@hsac.com. This email will be monitored during business hours and in case of emergency. Responses will be provided within 24 hours, unless an emergency requires an expedited response. This email is specifically for the students of NYU School of Medicine and will go directly to the NYU School of Medicine Account Manager, to contact your account manager email nyusom@hsac.com.
The following link is also available 24 hours, 7 days a week, 365 days a year as a resource center for students:
https://www.medplusadvantage.com/resourcecenter/contact-us.html
Disability Income Insurance Plan Benefit Certificate
|
Duration of Benefit |
Social Security Normal Retirement Age |
|---|---|
|
Monthly Benefit |
$1,500 for all students |
|
Elimination Period |
90 days |
|
Definition of Disability |
For the first 60 months, unable to perform the duties of a student, after 60 months any occupation by way of education training or experience |
|
Offset with Partial Earnings |
Gross monthly benefit reduced by current monthly earnings that exceed $3,000 per month |
|
Minimum Benefit |
$100 |
|
Pre-x Waiting Period |
3/12 pre-x |
|
Mental and Nervous Limitation |
Limits claims payments for mental and nervous claims to 24 Months for each period of continuous disability |
|
Loan Payout Benefit |
$225,000 |
|
Lump Sum Benefit |
$5,000 |
|
Survivor Benefit |
5 Times the Monthly Benefit |
|
COLA Benefit |
4 1/2% annually, 12 month delay |
|
Continuation of Coverage After Graduation: |
MD Students: $2,000 (years 1 and 2) $2,500 (years 3 and thereafter) guaranteed monthly coverage as a Resident will be available upon graduation |
What is not covered: Standard does not cover any period of disability caused, directly or indirectly, by: (a) declared or undeclared war or act of war or armed aggression; (b) your service in the armed forces, National Guard, or military reserves of any state or country; (c) your taking part in a riot or other civil disorder; (d) your commission of, or attempt to commit, a felony; (e) your unlawful use or threat of force on another person without his or her consent; (f) intentional self-injury or attempted suicide while sane or insane; (g) job related or on-the-job injury; or (h) conditions for which benefits are payable by Workers’ Compensation or life laws.
Standard does not pay benefits for any period during which you are confined to any facility as a result of your conviction of a crime or public offense.
Standard does not pay benefits for any period during which you are not under the regular care and treatment of a doctor.
Standard does not pay benefits for any period of disability which starts before you are insured by this plan. In addition, no benefit will be payable for any period during which your loss of status as a regular full-time student is not due to your disability.
CONTINUATION OF COVERAGE AFTER GRADUATION
This plan also includes a conversion privilege to continue your disability insurance when you begin residency training. Physicians beginning a residency may convert to a monthly benefit of $2,000. Premiums will increase and the resident will be billed for the resident disability plan on an individual basis. Premium payments must be made in a timely fashion as defined in the policy or the coverage will terminate.
For questions regarding your disability insurance plan or to learn more about continuing coverage after graduation please contact:
Health Sciences Assurance Consulting, Inc. (HSAC. Inc.) at nyusom@hsac.com.
For claims questions you may contact Standard Insurance company directly at:
900 SW Fifth Avenue
Portland, OR 97204
1-800-368-1135 ext. 8917