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Insurance coverage - ABMP vs AMTA
Hi everyone. Can you please share what you like about ABMP and AMTA? I am currently with ABMP and I am seriously considering joining AMTA and would like to know the pros and cons of both. I know my own narrow opinion of ABMP but that is it.
How many therapists on here with AMTA get a lot of clients through their FIND A PROFESSIONAL feature?
How do you like being with AMTA?
I also have access to creating free brochures, newsletters, etc. with ABMP. Does AMTA have something like that?
I have to either renew with ABMP or go a new carrier soon so any info you can give would be greatly appreciated!
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Replies to This Discussion
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Permalink Reply by Jed Heneberry on
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Hi Donna,
There are a few recent conversations on this topic in these forums:
http://www.massageprofessionals.com/forum/topics/abmp-amta-fsmta
http://www.massageprofessionals.com/forum/topics/abmp-amta-fsmta-it...
Anybody at ABMP would be happy to answer any questions you have about membership with us—call 800-458-2267, email expectmore@abmp.com, or chat online at abmp.com.
Or, of course, ask us anything here!
Jed
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Thank you Annie,
Just to clarify one section of your post—while the chart idea is helpful, the information provided by Massage magazine in the massagetherapyworld.com link is not accurate. ABMP Professional level membership is $199, and offers occurrence form coverage (what you should be looking for in a policy, not inferior claims-made policies, which many of the cheaper providers offer) at $2 million per incident and $6 million individual aggregate per year. The "hour qualification" section is also incorrect.
I'm happy to help break down any of the technical insurance jargon, or talk about any of the other benefits that are a part of association membership.
Jed
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Permalink Reply by Abram Herman on
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You're absolutely right that there are much less expensive options for insurance, but you'll find that you generally get what you pay for in this regard. As Jed mentioned, the difference is between occurrence form vs. claims made coverage. What ABMP offers is occurrence form which means that, as long as you were covered at the time of the incident, the policy covers it even if the claim comes up when you're no longer insured with us. Claims made coverage, on the other hand, only covers you if you're still insured with them. Since the statute of limitations can be several years, that means you'd have to keep paying for insurance even after you stopped practicing if you want to be truly covered!
AMTA also offers occurrence form coverage, but the main difference between us and them is that they have a shared aggregate—all AMTA members share the aggregate, so if enough claims are paid out to other members, you may be left with no money for your own coverage. We at ABMP have individual aggregates, so each member has their very own coverage of $6 million a year, regardless of any other members' claims that may come in.
If you have any questions about the insurance or any of the other extensive member benefits that we offer beyond those cheaper options, please feel free to give us a call! 800-458-2267
Best,
Abram Herman
Social Media Coordinator at ABMP
Annie Ueber said:Hi Donna,
I've tried both, and for many reasons, I went with someone else...did you know there are a lot of other choices that are just as good and a lot less expensive? Here is an entry I made on an MT page and I included Gina Liccardo's response as moderator of the page as well.
Thanks for posting Annie. My insurance is up with ABMP this month and I am not renewing and this will be helpful for me. I also found this link as well: http://massagetherapyworld.com/2010/06/how-does-massage-magazines-liability-insurance-compare/
To me personally, I would pick ABMP of the 2. If, however, you are interested in the fact that both ABMP & AMTA are pretty much "bought out" by Massage Envy, and agree that these franchises are driving down massage value/prices/wages, then you may want to go with a different company other than AMTA and AMBP, not just to save money, but also as a matter of principle. Here is the link to Gina's page, with a specific entry about ABMP. https://www.facebook.com/groups/LMTsagainstthefranchise/permalink/2...
And the main group page:
https://www.facebook.com/groups/LMTsagainstthefranchise/?fref=ts
<3
Annie
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Permalink Reply by Jill Hilton on
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Annie
Thanks for doing all of that research! You saved me a lot of time!
Annie Ueber said:Hi Donna,
I've tried both, and for many reasons, I went with someone else...did you know there are a lot of other choices that are just as good and a lot less expensive? Here is an entry I made on an MT page and I included Gina Liccardo's response as moderator of the page as well.
Thanks for posting Annie. My insurance is up with ABMP this month and I am not renewing and this will be helpful for me. I also found this link as well: http://massagetherapyworld.com/2010/06/how-does-massage-magazines-liability-insurance-compare/
To me personally, I would pick ABMP of the 2. If, however, you are interested in the fact that both ABMP & AMTA are pretty much "bought out" by Massage Envy, and agree that these franchises are driving down massage value/prices/wages, then you may want to go with a different company other than AMTA and AMBP, not just to save money, but also as a matter of principle. Here is the link to Gina's page, with a specific entry about ABMP. https://www.facebook.com/groups/LMTsagainstthefranchise/permalink/2...
And the main group page:
https://www.facebook.com/groups/LMTsagainstthefranchise/?fref=ts
<3
Annie
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This forum is created and hosted by ABMP as a service to the profession—however, it's open to anyone in the field, regardless of affiliation.
Annie Ueber said:So, is this forum group made up of MT professionals, or people who work for companies trying sell to us?
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Permalink Reply by Sharon Seller on
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My chuckle for the day :)
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Permalink Reply by Donna C. Agrinsonis, LMT on
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Thanks all this info is very helpful.
I looked at some of the other options the lady gave and it seems that while the other companies offer coverage both AMTA and ABMP offer a bunch of additional massage therapy related benefits in addition to the base insurance coverage. Thus the extra expense. Plus the names themselves carry a certain level of clout. The names are known by many clients and having one of them gives us therapists a certain level of credibility.
I used to be an insurance agent so knowing that AMTA is a shared aggregate concerns me.
Also, I would like to know more about Massage Envy purchasing ABMP and AMTA. Does not sound right but if it is true I would like to know more.
Jed Heneberry said:Hi Donna,
There are a few recent conversations on this topic in these forums:
http://www.massageprofessionals.com/forum/topics/abmp-amta-fsmta
http://www.massageprofessionals.com/forum/topics/abmp-amta-fsmta-it...
Anybody at ABMP would be happy to answer any questions you have about membership with us—call 800-458-2267, email expectmore@abmp.com, or chat online at abmp.com.
Or, of course, ask us anything here!
Jed
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No, ABMP is still an employee-owned company as it has always been. Massage Envy offers a discount on ABMP membership to its therapists, as do many other large and small massage practices — we offer this relationship to any business with a group of five or more therapists who want to become ABMP members.
Donna C. Agrinsonis, LMT said:Also, I would like to know more about Massage Envy purchasing ABMP and AMTA. Does not sound right but if it is true I would like to know more.
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