Med Plus Advantage, Sponsored by the American Medical Association
Program ID Number: 645456
Long Term Disability (LTD) Benefit
Long Term Disability Base Benefit of $1,500 Per Month. The definition of disability allows for benefits if the student is unable to continue matriculating due to a disability during a 5 year period (5 year student definition). Thereafter, the student may continue to receive benefits if they are unable to perform in an occupation or employment commensurate with their education, training, and experience due to a disability.
Loan Payoff Benefit
$225,000 Student Loan Repayment. Eligible loans made to cover the expenses of college and or school tuition, living expenses, fees, textbooks and equipment required for education may be paid in part or full upon meeting the definition of Permanent and Total Disability and LTD benefits are payable.
Maximum Benefit Period
Lifetime Maximum.
Benefit Waiting Period
90 Day Waiting Period. If a claim for LTD benefits is approved, benefits become payable after the student has been continuously disabled for 90 days.
Preexisting Condition
6 Month Look Back 12 Month Look Forward. If a preexisting condition is present at anytime during the 6 months previous to the effective date, it can be covered only after 12 months of being continuously insured.
Lump Sum Benefit
$5,000. Upon meeting the definition of Permanent and Total Disability an additional lump sum of $5,000 will be paid to the insured.
Assisted Living Benefit (ALB)
Assisted Living Benefit Equal to 100% of the LTD Benefit. If the student becomes disabled and meets the requirements for ALB, he or she will receive benefits equal to the amount of the LTD benefit to help cover the expense of assisted living.
Survivors Benefit
5 Times the Monthly Benefit. If the insured dies while LTD benefits are payable, and on that date the insured had been continuously disabled for 180 days, 5 times the monthly benefit is payable to the survivors.
Income Offset
Earn up to $3,000/month While Disabled Without Reduction of Benefits.
Rehabilitation Plan Provision
Benefits for Return to School/Work. While disabled and approved to participate in the Rehabilitation Plan, expenses for training, education, family care, job-related and job search in connection with the plan can be covered.
Continuation/Conversion of Insurance
Upon completion of school, a continuation/conversion option will be available.
AMA Insurance Agency, Inc. 888-627-6618
Professional Benefit Consultants, Inc. 866-960-6337
Standard Insurance Company, Portland, OR
This is only a brief description of coverage and is subject to the terms, conditions, exclusions and limitations of the master policy (644180-A) underwritten by The Standard Insurance Company. Details will be found in the policy and coverage may vary or may not be available in
some states.
No portion of AMA membership dues are used by the AMA Insurance Agency, Inc. to support the marketing efforts of the AMA-sponsored Med Plus Advantage Insurance Program.
AMA Insurance Agency, Inc.
A Subsidiary of the American Medical Association
330 North Wabash Ave, Suite 39300
Chicago, IL 60611 1-888-627-6618