- Non-taxable benefit, if the member pays 100% of the premium themselves from their personal income.
- You elect your benefit level: $3,500 or $4,000 monthly. Benefit remains level while in PARIM. (In the Member Plan, the current maximum benefit is $15,000 per month.)
- Benefits begin after 30 consecutive days of disability, referred to as the Elimination Period.
- Benefits are payable to age 65.
- “Regular occupation” coverage: you are considered to be totally disabled if due to injury or sickness, you are not able to perform the normal duties of your regular occupation (i.e., return to a residency training program), and have not voluntarily engaged in any other occupation.
- You are considered to be partially disabled if you are unable to perform the normal duties of your regular occupation but are able to perform one or more of the duties of your regular occupation or if you choose to return to work in another occupation, and are earning a reduced income. Your income must have declined by at least 20% for you to be considered partially disabled.
- Benefits will not be reduced by benefits you receive from other sources such as Workers’ Compensation and Automobile Insurance, unless your total disability income exceeds your pre-disability earned income.
- The Doctors Manitoba plan provides benefits if you are in an asymptomatic infectious state (under certain circumstances) of HIV/Hep B or C.
- Includes Cost of Living Adjustment (COLA) Rider – helps protect your disability benefits from inflation. This rider adjusts your monthly benefits annually while you are disabled by an amount based on the actual change in the Consumer Price Index, subject to a maximum increase of 6% compounded annually. This option is available to all new Residents without providing evidence of good health.
- Includes Future Insurance Option (FIO) Rider – allows you to protect future insurability regardless of your health – you may gradually purchase an additional $6,000 of monthly disability insurance coverage, income permitting, without evidence of good health, before you reach 55 years of age. You may begin using this option once you complete your residency. This option is available by initially providing evidence of good health.
The Disability Insurance program also offers participants the option of adding the Own Occupation rider (at extra cost). The Own Occupation Rider takes our standard “regular occupation” definition of disability one step further. When you purchase this rider, you are eligible to be paid benefits due to total disability from your own occupation, regardless of other income you earn from a different occupation.
- For example, a surgeon who loses the use of a hand could collect full benefits even if working in another area of medicine (e.g., administration, teaching) or any other job. This option is available by initially providing evidence of good health.
Read more about the Doctors Manitoba Disability Income Program.