Insurance Coverage for Physical Therapy

The purpose of this blog is to provide an informative view of a top insurance provider for physical therapy and their coverage provided. In addition, this blog will also show how the client can get the best coverage.

As a practicing physical therapist (PT), you work hard in your career to care and treat your clients. With that being said, malpractice or unforeseen consequences could have a dramatic impact on your career and financial future. Healthcare Providers Service Organization (HSPO) is the leading insurance provider for physical therapists.1 “HSPO insures nearly 1 out of every 2 physical therapists in the nation.”2 The financial burden is overwhelming, costing nearly $20,000 in lawsuits. Coverage with HSPO includes: professional liability coverage, license protection, defendant expense coverage, personal injury coverage, first aid expenses, and so on. In addition, you can take this insurance with you wherever you go. For example, changing jobs, adding a second job, or volunteering, you will still be covered by HSPO.

As the client, the best way to insure that your health is protected is to take an active part in your healthcare. And the best way to be active is by educating yourself. Many companies are interested in keeping their workers on the job and premiums low, so insurance providers will help employees prevent injuries and promote a healthy lifestyle. Talking to a human resource director will allow you to have access to more information. Asking a few of these questions will get you started on the right path to selecting the best coverage: Is physical therapy ‘bundled”?, does the benefit language permit access to physical therapy for each condition throughout the year?, does the benefit language ensure coverage that facilitates restoration of function?, and does the benefit language ensure coverage that promotes functional independence for those with chronic conditions?2 When choosing a plan you also must consider cost, accreditation, adequate coverage, lifetime limits, and others. “The right to a physical therapist services in an important option and is your right as a patient.”3

In conclusion, I have discussed the coverage provided for a physical therapist and what questions the client can ask to ensure they are getting the best coverage. As a future physical therapist, you should know what to expect in insurance coverage. The reader should be able to effectively acquire the best coverage.

References

1American Physical Therapy Association. (2016, February 8). Professional Liability Insurance for PTs, PTAs, and Students. Retrieved from APTA: http://www.apta.org/Benefits/Insurance/ProfessionalLiability/

2HPSO. (2016, November 17). Physical Therapist. Retrieved from Physical Therapy Professional Liability Insurance: http://www.hpso.com/individuals/professional-liability/physical-therapy-professional-liability-insurance

3Move Forward. (2016, November 17). Physical Therapy and Your Insurance. Retrieved from A Patient's Guide to Getting the Best Coverage: http://www.moveforwardpt.com/resources/insurance/detail/physical-therapy-your-insurance