Exclusive rates
Why this Plan is an outstanding value
If you become disabled, the ADA member-only Office Overhead Expense Disability Insurance Plan can
help keep your practice viable by reimbursing you for business expenses. (This is separate from
your
disabilty income protection coverage, which protects your personal income.)
Premiums are based on your attained age and
increase in 10-year age bands. After age 59, coverage amounts can
no longer be increased, but coverage is renewable until age 75, subject to the terms of the policy. Your plan
premium is also deductible as a legitimate business expense** under current tax law.
The Premium Credit discount
The Premium Credit discount* is a Plan-specific reduction for all plan participants, regardless of age,
gender or coverage amount.
Here's how it works. Each year we review the plan's financial performance in addition to projecting
expectations for future financial performance — under the current premium rates. When the projected
results are expected to generate a surplus over what is needed by the plan, we return it by passing
the savings on to you as a Premium Credit.
It's a benefit of your ADA membership that is automatically built into your rate. And it's one of the
ways our group insurance model works to bring you rates that are among the lowest in the market today.
The current Premium Credit discount
is 45%.
ADA members can choose to be covered for either 12 or 24 times the monthly insured amount. For a full list of
rates, view the PDF rate charts below.
Overhead Expense Insurance rates for ADA members
Semi-Annual Premiums for Each $1,000 in Monthly Coverage1
|
Insured amount for male
|
Insured amount for female
|
Your attained age
|
12x
|
24x
|
12x
|
24x
|
<30 |
$6.72 |
$7.83 |
$12.05 |
$14.05 |
30–39 |
$10.40 |
$12.23 |
$23.58 |
$27.74 |
40–49 |
$19.09 |
$22.71 |
$39.18 |
$46.61 |
50–59 |
$42.18 |
$49.22 |
$57.01 |
$66.53 |
60–64 |
$73.71 |
$87.18 |
$79.31 |
$93.80 |
65–69 |
$82.33 |
$97.37 |
$83.24 |
$98.45 |
70–74 |
$86.96 |
$86.96 |
$87.92 |
$87.92 |
* Premium Credit discount shares favorable financial results with Plan participants; the reduction is not
guaranteed but reevaluated semi-annually.
** Consult your tax or financial advisor for information specific to your situation.
1Premiums increase every 10 years based on age, are effective as of 2/1/25 with a semi-annual billing
frequency and include a 45% Premium Credit discount that allows plan participants to benefit from favorable
claim experience. The Premium Credit is not guaranteed but reevaluated periodically.
To be eligible to apply for the Office Overhead Plan, you must be actively working 20 hours per week and
not in the active, full-time service of the military. There is a 25% increase to the Standard rate if the
applicant uses tobacco. If the applicant does not qualify for Standard rates, it may be possible to qualify
for one of the two additional substandard rate classes.