Originally Posted by
m3113n1a1
The thing I'm starting to think for myself (and probably anyone else who has been here for 5-10 years), at that point most guys should have enough savings to basically self insure that 1 year that would be paid by DPMA benefits. Maybe making it beneficial to opt out at that point? I haven't ran the numbers or anything, but just a thought.
I paid just over $3k to DPMA this year, and had a pretty respectable year as a NB Capt. My current FAE is over $38k, So DMPA would pay me nearly $10,000/month (tax free). Trading $250/mo for a $10,000/mo benefit (tax free) should I lose my medical again is a
phenomenal deal. Granted, not every DMPA claim goes for 365 days, but I don't think "self insuring" that amount is feasible, even now as a Capt. it would take you 20 years to bank even half of 1 of your 2 years of usage.
Maybe I am biased, having 2 separate usages of DMPA, but I'm sure glad I had it. I aslo do ALPA's supplemental insurances, which have already paid for themselves for my career already.