Sun Life U.S. launches enhanced disability coverage options specially designed for healthcare professionals

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08/31/2023 - 10:52 AM EDT

WELLESLEY, Mass., Aug. 31, 2023 /PRNewswire/ -- Sun Life U.S. has announced an enhanced package of disability coverage options designed to meet the unique needs of physicians, dentists, and other healthcare professionals like nurse practitioners and physician assistants, expanding a long-held focus on supporting the healthcare segment. As the healthcare community continues to navigate growing provider shortages and reduced access to care, medical practices are looking for ways to recruit more talent, including offering competitive benefits that provide a better experience and improve health outcomes for their provider staff. The new product suite, Sun Life for Healthcare Professionals, provides life and specialized short- and long-term disability plans that can be tailored for different income protection needs. These coverages can be combined with Sun Life's other coverage and services, including integrated absence management and paid family and medical leave.

"Physicians, dentists, and other healthcare professionals provide invaluable services to our community, often in challenging environments, and they need coverage that is developed with those considerations in mind," said David Healy, president, Group Benefits, Sun Life U.S. "We are committed to supporting healthcare professionals and providing them with the coverage they need when they need it. As we continue to build out health services that complement core health insurance, we are proud to offer expanded support and coverage for our members who are healthcare providers."

Following a previous exclusive partnership with a national insurance program manager, Sun Life is now independently offering full administration of these coverages for new healthcare practice clients. Two coverage options – the competitively priced Premium plan and new, lower-cost Preferred long-term disability plan – meet the needs of healthcare professionals and their need for income replacement. Employer clients will have access to Sun Life's robust suite of digital experiences, including file feed integration or API connectivity, virtual benefits education, online claims submission and integrated claims management and absence reporting.

Specialized features offered with Sun Life for Healthcare Professionals are subject to state availability and include benefits for:

Infectious and contagious disease
Progressive illness
Professional liability premium
Cost of living adjustment

"We have seen firsthand the challenges people face when they need to take leave from a job due to illness or injury, and these challenges are compounded when it's someone people rely on for care," said Sheila Sokolski, assistant vice president, Life, Absence & Disability Product and Marketing, Sun Life U.S. "Health providers have very specific needs in unique and demanding work environments, and our new package of options provides additional support for the healthcare segment. In addition to offering medical providers competitive life and disability coverage, we will continue to drive innovation throughout our product suite, including supplemental health and dental products tailored to healthcare professionals."

For more information about Sun Life for Healthcare Professionals, including states where available, visit www.sunlife.com/healthcareprofessional.

About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2023, Sun Life had total assets under management of C$1.37 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Sun Life U.S. is one of the largest providers of employee and government benefits, helping more than 50 million Americans access the healthcare and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance, and healthcare navigation. Sun Life U.S. and affiliated companies in asset management employ nearly 8,300 people in the U.S. Group insurance policies are issued by Sun Life Assurance Company of Canada (Wellesley Hills, Mass.), except in New York, where policies are issued by Sun Life and Health Insurance Company (U.S.) (Lansing, Mich.). For more information visit our website and newsroom.