What is SUNY Upstate GSI Disability Insurance?
GSI, or Guaranteed Standard Issue, is a unique and exclusive type of disability insurance policy. As the name suggests, it guarantees you to be approved for a policy regardless of pre-existing conditions. This individual disability insurance plan is specifically designed for residents and fellows at select institutions. Protuity proudly holds the exclusive GSI disability insurance for SUNY Upstate residents and fellows!
The GSI disability insurance offers many of the same benefits as a true own-occupation individual disability insurance (IDI) policy. It is fully portable, allowing you to take your coverage with you after completing your training.
The standout advantage of GSI disability insurance is the elimination of medical underwriting during the application process. This means all residents and fellows qualify for comprehensive coverage, regardless of their health history.
Why GSI Disability Insurance Is Vital
No one intentionally plans a disabling illness or injury, but they can happen at any time and impact your earning potential. Employer-sponsored plans, also known as group LTD benefits, simply don't provide enough security, access and peace of mind. On the other hand, fully underwritten individual plans have the best definitions and provisions for physicians but qualifying for a plan will depend on your unique medical history.
GSI disability insurance is the insurance solution that bridges the gap. It is an individual, portable policy obtainable only during your training at SUNY Upstate. Most importantly, it requires no medical underwriting so you can qualify for the best coverage regardless of your health history.
Difference Between Group, Non-GSI and GSI Insurance
While employer-sponsored insurance plans provide automatic coverage with no medical reviews, they also have shortcomings to be aware of:
- No customization or portability (you lose the group benefit if you change employers)
- Cancelable and not guaranteed renewable
- No True Own Occupation definition of total disability
- Typically fully taxable payouts if the employer pays the premiums
- Offsets in benefits if you receive any other income while disabled.
Fully underwritten individual disability insurance — individual non-GSI plans — require a complete health history review. Advantages to this protection include high customizability, portability, guaranteed renewable and non-cancelable coverage, and True Own Occupation definitions of total disability. However, insurers can decline applicants, exclude pre-existing conditions from being a covered disability or make other modifications that are less than ideal for complete financial security.
GSI disability insurance will be the same as full underwritten coverage, other than the fact that there is no medical underwriting! Residents and fellows at SUNY Upstate Medical University will be able to obtain this policy without concerns of qualifying based on any health history!
When to Get SUNY Upstate GSI Disability Insurance
You can apply for GSI insurance when your fellowship or residency begins. We recommend applying as soon as possible due to the eligibility criteria below. You'll be able to increase your monthly benefit after training with a future increase rider to ensure your benefits grow with your income as an Attending.
You will not be able to qualify for the Guaranteed Standard Issue if:
‘you have been declined or given a modified offer through a carrier other than Guardian more than 9 months after your hire date or in the past 5 years, whichever is shorter.’
We encourage you to consider this GSI plan before considering submitting any other disability insurance applications. An insurer's denial or modified offer will prevent you from qualifying for this exclusive GSI offering!
Obtain Your GSI Quote Today
Simply submit a quote request using the form below! Once you submit your information, our team will send you a Guardian GSI quote, as well as other individual disability insurance options. Protuity's unbiased experts will help you understand the details and differences of the plans.
We are not affiliated with the listed institutions. We are an independent organization that hold exclusive offers from insurance companies to be able to offer this GSI option for residents and fellows at select institutions. This is not a group nor employer benefit as Guaranteed Standard Issue policies are individual and voluntary.
