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The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of 1100 SW Sixth Avenue, Portland, Oregon in all states except New York. Product features and availability vary by state and are solely the responsibility of Standard Insurance Company.

Disability Insurance for Indiana Physicians

Think of disability insurance as your financial safety net, giving you an earnings replacement if you’re not able to earn a paycheck due to illness or injury.

Cost of Living in Indiana

According to 2021 data from the Bureau of Economic Analysis, the annual average cost of living in Indiana is $42,697.

- - Housing and Utilities: $6,865
  - Healthcare: $8,494
  - Food and Beverage (non-restaurant): $3,424
  - Gas and Energy: $1,333
  - All Other Personal Expenses: $22,580

Average Base Salaries in Indiana

The average salary in Indiana is $53,500. Below are average salaries for medical professionals based on data from Indeed in 2024.

- - Physicians: $186,553
  - Dentists: $217,739
  - Veterinarians: $119,373
  - Nurses: $113,352
  - Anesthesiologists: $448,127
  - Surgeons: $295,185
  - Cardiologists: $447,248
  - Radiologists: $124,102
  - Psychiatrists: $247,308
  - Pediatricians: $121,224
  - Oncologists: $330,895
  - Urologists: $264,511
  - Gastroenterologists: $556,884
  - OB/GYN Physicians: $161,865
  - Emergency Medicine Physicians: $236,556

Disability Prevalence & Impact in Indiana

- Prevalence of Disability: In 2018, approximately 13.5% of Indiana residents of all ages reported having a disability. Among working-age individuals (21 to 64 years), the prevalence was 12.0%.
- Employment Impact: In 2018, the employment rate for working-age individuals with disabilities in Indiana was 36.9%, compared to 79.8% for those without disabilities.
- Physician Workforce: As of 2021, Indiana had 230.8 active physicians per 100,000 people, the second-lowest rate in the Midwest after Iowa.

The Best Disability Insurance Companies for Indiana Physicians

When it comes to disability insurance, not all policies are created equal. One critical feature often overlooked is own-occupation coverage. This ensures that if you become unable to perform your specific medical specialty, you will still receive benefits, even if you can work in another capacity.

As a highly trained medical professional, your earning potential is closely tied to your specific skills. Without own-occupation coverage, you might find yourself in a situation where you’re unable to practice your specialty but are not eligible for benefits because you can still work in another field. That is why we partner with the below insurance companies who offer the best own-occupation coverage.

- - Guardian
  - Ameritas
  - The Standard
  - Principal
  - MassMutual

Ready to secure your future?

Request a free quote for disability insurance today and take the first step towards safeguarding your career and peace of mind. Your future self will thank you.

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