HANYS Benefit Services (HBS), an affiliate of the Healthcare Association of New York State, and InsMed Insurance Agency, Inc. have announced that they will jointly provide disability insurance protection and program support for medical professionals, as well as physicians practicing in New York State.

According to the companies, InsMed will work with HBS to develop and deploy disability programs to provide more coverage options to physicians in New York State. This is especially timely due to the recent industry changes including the re-introduction of specialty-specific contracts in the state, the increased income replacement levels available to high-income specialists, and the availability of guaranteed issue programs to protect retirement plan contributions, stated the companies.

We were responding to client requirements to have access to the right tools and information on disability insurance programs, said John Jezsu, managing executive of HBS. We wanted to launch a comprehensive approach to meeting the income protection needs for our hospital clients and their affiliated physicians. We felt InsMed was the perfect partner to ensure that the best disability programs were implemented for each client. We were impressed with InsMeds ability to work within a multi-carrier environment. In addition, its robust service infrastructure can support both the organization as well as individuals.