CHICAGO — The American Medical Association today announced a new, expanded relationship with New York Life Insurance Company under which New York Life becomes the new underwriting carrier for the AMA’s sponsored insurance program. Effective July 1, 2018, AMA-sponsored life, disability, and accident plans will transition to New York Life as the AMA continues to enhance its insurance product offerings for physicians. Enhanced features, increased benefit maximums, and special discounts for AMA members will be made available under this affiliation through the AMA’s wholly-owned subsidiary, AMA Insurance Agency, Inc.
“At every point in a physician’s professional journey, this new partnership with New York Life will enable AMA Insurance to offer more choices, better coverage, and tailored solutions to help physicians make the right decisions for building a healthy financial future,” said Pamela Moy, Group Vice President and General Manager of AMA Insurance. “New York Life shares a vision with the AMA to offer a program designed exclusively for physicians and their unique needs. The pairing of these two industry leaders, the AMA and New York Life, means physicians can be confident in the quality and financial stability of their insurance choices.”
A special landing page, BetterAMAInsurance.com, is available where physicians can explore a full range of options, based on their career stage. The product array underwritten by New York Life includes a variety of plans that can be accessed seamlessly across all digital platforms, including:
- Disability Income Insurance (Disability Pro)
- Level Term Life Insurance
- Office Overhead Expense Insurance
- Hospital Income Insurance
- Premier Accident Insurance
“New York Life is honored to partner with AMA to provide tailor-made insurance solutions for physicians and their families,” said Scott Berlin, Senior Vice President, New York Life-Group Membership Division. “Together, New York Life and AMA bring a service-oriented relationship to the physician community, utilizing the latest digital tools to help customers make educated, well-informed decisions.”
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About the American Medical Association
The American Medical Association is the physicians’ powerful ally in patient care. As the only medical association that convenes 190+ state and specialty medical societies and other critical stakeholders, the AMA represents physicians with a unified voice to all key players in health care. The AMA leverages its strength by removing the obstacles that interfere with patient care, leading the charge to prevent chronic disease and confront public health crises and, driving the future of medicine to tackle the biggest challenges in health care.