Being a locum tenens physician or clinician can be highly lucrative. Most locums providers earn substantially more compared to their employee counterparts. But making the leap from being a traditional W-2 employee to locum tenens can feel daunting, especially when it comes to insurance.
Most people spend their entire careers relying on their employers’ group benefits plan that includes health, life, and disability insurance. The thought of giving up that safety net can stop even the most adventurous clinicians in their tracks. But it doesn’t have to.
Floyd Lee Locums offers a Group Benefits Plan that can be a game-changer for locum tenens physicians and advanced practice providers. Let’s walk through what Floyd Lee Locums offers and why our Group Benefits Plan can ease your transition to the locums lifestyle.
Floyd Lee Locums Offers Insurance for Locum Tenens Clinicians
When you’re a W-2 employee for a healthcare system or practice, insurance is usually automatic. Your benefits are handled on Day 1 and you rarely think of them again. But as a locum tenens provider, you’re responsible for your own insurance coverage.
Most locums firms will point you to the Health Insurance Marketplace® and wish you luck. But you’ll quickly find yourself navigating confusing terminology, options that don’t fit your circumstances, high premiums, and gaps in coverage, especially when you’re between assignments.
This is where we stand out. Floyd Lee Locums is one of the few (if not the only) locum tenens staffing firms to offer a comprehensive group benefits plan with health insurance that includes dental and vision coverage. Best of all, it’s available to you and your family. The plan also provides life insurance and disability insurance with options for short-term and long-term care.
The Group Benefits Plan is structured for the realities of locum tenens practice: you can access coverage year-round, even if you take extended breaks between assignments.
It’s available to you whether you end up working with us or not.
“I am an Emergency Room MD in Tennessee and this plan saved my family of 4 over $900 per month!!! Cory has also been extremely helpful in reviewing my Life Insurance and Disability options to make sure I have the best coverage at the lowest cost. Thank you Floyd Lee Locums!!”
Most W-2 employers require you to work at least 50% time to qualify for insurance. And let’s be honest, the reason you want to work locum tenens is for a better balance between your work and personal life.
With the Floyd Lee Locums Group Benefits Plan, you can have insurance for you and your family and control your schedule.
Health Insurance for Locum Tenens Providers
The heart of the plan is its group health insurance offered through nationwide carriers such as Cigna and UnitedHealthcare. For physicians and APPs who do locum tenens, the national coverage is invaluable.
Let’s dive in for a closer look:
- Preventative care covered in full
- Co-pays as low as $0
- Prescriptions as low as $15
- Choose from many plan options
- Coverage for urgent care, lab services, diagnostic testing, emergency room, hospital services, and more
- Nationwide coverage with major carriers
- Dental and vision benefits
- Coverage for you and your family
Because preventative care is included, annual physicals, immunizations, and screenings are covered without additional out-of-pocket costs. This comprehensive coverage is essential for catching issues early and maintaining your own health as you care for others.
And when you need to see a provider, co-pays are as low as $0. Prescription coverage starts at $15. The plan also covers urgent care, diagnostic testing, labs, emergency room visits, and hospitalizations. Telehealth is also included, which is a major asset for clinicians on the move or working in remote locations. And you won’t be hemmed in with only one plan option–Floyd Lee Locums Group Benefits Plan has many plan options to choose from so you can find the one that’s best for you.
Dental and vision coverage gives you and your family access to routine and preventative care as well as benefits for urgent situations. Many of the plans from the Health Insurance Marketplace® don’t provide vision and dental coverage, but they’re a critical part of wellness.
One of the most practical advantages of our Group Benefits Plan is that coverage extends to your family, regardless of your assignment status. If you want to take a long vacation or reduce your hours, you don’t have to worry about losing your insurance. This is a significant differentiator from most W-2 jobs, which typically require you to work full-time to maintain eligibility.
Ready to Explore our Group Benefits Plan?
Life Insurance for Locum Tenens Clinicians
As a locum tenens clinician, you’re essentially running your own business. If something happens to you, there’s no employer-provided safety net for your loved ones. Floyd Lee Locums’ plan includes group life insurance, providing a crucial layer of financial protection for your family. This means that if the unexpected occurs, your loved ones will have resources to cover expenses, pay down debt, or simply maintain their standard of living during a difficult time. It can even be used to pay for your child’s education.
Life insurance is simple: you pay premiums, and in return, your loved ones receive a payout (death benefit) when you pass away. Our brokers work with more than 80 carriers to ensure you have the best options at the lowest cost.
You can choose between term life insurance and whole life insurance. Term life insurance provides coverage for a specific period such as 10, 20, or 30 years and can be renewed. Many people obtain term life insurance to get through a phase of life, such as having a mortgage or student loans, or until their children are grown.
Whole life insurance, on the other hand, offers lifetime coverage and can accumulate in value. You can take loans out against the plan and use it to build wealth as part of your financial planning. However, it’s significantly more expensive and usually involves an investment, which makes selecting a plan confusing.
How much coverage you need depends upon your specific situation. You’ll want to factor in outstanding debts, anticipated major expenses in your future (like college tuition for children), your age, and want you want to provide for your beneficiaries upon your death.
A key concern for locum tenens clinicians is whether their life insurance will remain in force if they change agencies, take time off, or step away from clinical work. Group life insurance tied to a W-2 employer typically ends when you leave that job, which can leave you exposed.
Policies like those available through our Group Benefits Plan, however, can be portable, meaning you own the policy and can maintain coverage regardless of your status or assignment schedule. It’s the perfect solution for the locums lifestyle.
In the end, you’ll want to talk to our insurance partners about the best options for you and your loved ones. We cannot offer financial (or insurance) advice. But by working with Floyd Lee Locums, you have trusted and vetted insurance consultants who specialize in locum tenens and our unique workstyle.
Floyd Lee Locums Disability Plan for Locum Tenens
Disability insurance is as crucial as health insurance. Your ability to earn an income (and as a locums professional, travel) is your greatest asset and builder of financial wealth. As an independent contractor, you are responsible for providing your own disability benefits. But not to worry, Floyd Lee Locums’ Group Benefits Plan includes disability insurance.
Disability insurance provides replacement income during periods when you can’t work, ensuring that you can maintain your standard of living, pay your bills, and support your family. Disability insurance, like life insurance, is a proactive step in protecting your financial stability.
Short-term and long-term care plans are additional types of insurance designed to cover costs not covered by health insurance, Medicare, or Medicaid. They provide financial support in situations such as pregnancy, long-term rehabilitative care, or assistance with daily activities, and help you live independently and safely when extra assistance is needed. They protect your savings and retirement benefits, too.
The process for reviewing and selecting the right amount of coverage is consultative. Our partners will help you assess your needs, compare options, and ensure you’re not over- or under-insured. This level of personalized service is rare in the staffing industry, and it’s a reflection of our concierge approach and who we trust to work with us to provide you best-in-class benefits.
Isn’t it time someone took care of you?
You’re Not Alone
It’s normal to worry about losing benefits, having gaps in coverage, or navigating the insurance maze alone. But you don’t have to do it by yourself. Floyd Lee Locums is here to be your consultant and advocate, whether you’re just exploring locum tenens or you’re ready to make the leap.
If you’re considering locum tenens but the thought of navigating all of this is holding you back, download our free Locums Toolkit. It’s packed with resources, checklists, and answers to the most common questions about the locums lifestyle.
How Floyd Lee Locums Supports You
At Floyd Lee Locums, we’re more than just a staffing agency—we’re your partner in your personal and professional success. Here’s how we make tax planning (and everything else) easier for you:
Concierge Support: From connecting you with tax advisors to helping you find the right church at your new assignment, we’re here to lighten your load.
Malpractice Insurance Included: We provide A+ rated malpractice insurance with tail coverage at no cost to you.
Travel & Housing Arrangements: We handle all logistics for your assignments. Whether you need a hotel that accepts pets or an Instacart delivery to get your fridge stocked, we are here to help so you can focus on your assignment.
Proactive Job Search: Even when you’re on assignment, we work to secure your next opportunity so you don’t have any gaps in assignments (unless you want one!). Our grassroots job searches and deep relationships with facilities ensures you are matched only with opportunities that align with your professional and personal goals.
Locum tenens is more than just a job—it’s a lifestyle that offers freedom, flexibility, and financial growth.
At Floyd Lee Locums, we live by the motto, ‘By connecting clinicians to purposeful work, we impact lives. We go out of our way every day to make sure we’re exemplifying our values and being a true resource and support system for the clinicians we work with. We truly get up every single day and ask ourselves, ‘How do we have impact today?’
At Floyd Lee Locums, we’re committed to providing you with concierge service that puts your needs first. We understand that your work matters, but you matter, too.
Are you ready to leverage the power of concierge locums? We are here to guide you through the process, answer your questions, and be your locums guide.
Ready to Explore our Group Benefits Plan?
Our specialty-specific Concierge Consultants can answer any questions you have
so you can make the decision that’s best for you.