Make your money matter

Dr. Lindsay Jantzie, Resident Physician, and Dr. Janet Reynolds, Crowfoot Village Clinic

As a resident physician, you will probably always be short of time. With student debt and the costs of joining or starting a practice ahead, you may find yourself short of money, too.

You will be glad to learn that your Alberta Medical Association/Canadian Medical Association membership can help.

Whether through competitive insurance products (including home and auto insurance), financial planning servicesscholarships or member discounts, we want to make it easier for you to reach your goal.

Managing student debt

As a medical student, you have probably amassed a considerable amount of debt. Now is a good time to get a handle on what you owe and plan for repayment.

The Canadian Medical Association's New in Practice Guide offers helpful advice and guidance on eliminating debt and student loans.

Fast Track:

  • Know your options. Repaying debt need not be your sole focus.
  • Look into a TFSA account. This unique savings option can benefit everyone.
  • Talk to an expert. You can find balance between your current and future financial goals

Read more on the CMA website

Here are some additional tools and resources to help you manage your student loans during residency and as you move forward into practice:

Insurance for resident physicians

PARA Life and Disability Insurance plans

The AMA’s ADIUM Insurance Services Inc. partners with the Professional Association of Resident Physicians of Alberta for competitive disability and life insurance coverage for all eligible PARA members.

Coverage provided:

  • Monthly disability benefit of 75% of your gross monthly salary.
  • $150,000 of life insurance coverage.
  • $150,000 coverage for Accidental Death & Dismemberment.

The disability, life and accident coverage are provided to eligible PARA members at no cost.

Portability of PARA benefits

When you complete your residency program, you can convert your PARA disability and life insurance to the competitive plans offered by the AMA, without having to prove good health. Contact an ADIUM insurance advisor for more details.

You may also continue to increase coverage as a practicing physician, without having to prove good health, through the Guaranteed Insurability Benefit Rider (GIB) on your disability insurance, which comes automatically as part of your PARA conversion.

Learn more about PARA Life and disability insurance plans
Apply now for conversion of PARA benefits

ADIUMADIUM Insurance Services Inc.

AMA’s ADIUM Insurance Services Inc. offers members a variety of products with competitive rates, comprehensive coverage and no added fees or commissions.

Plans available to AMA members include:

  • Disability Insurance – up to $4,000/month coverage to supplement your PARA coverage. AMA resident physician members receive a 50% discount off of our already competitive physician rates.
  • Term Life Insurance – up to $5,000,000 for you and/or your spouse.
  • Critical Illness Insurance – up to $250,000 for you and/or your spouse.
  • Accidental Death & Dismemberment – up to $1,000,000 for you or for you and your family.
  • AMA Health Benefits Trust Fund – available at the conclusion of residency training, when your PARA group benefits terminate.

Learn more about ADIUM Insurance coverage

Home and automobile insurance

TD Insurance Meloche Monnex can help you save on insurance for your home or automobile. As an AMA member, you can benefit from special privileges such as preferred group rates, enhanced coverage and flexible limits.

Be sure to ask for the AMA member discount.

Learn more about home and auto coverage from TD Insurance/Meloche Monnex 
Get a free quote

Investments and financial planning

The CMA’s MD Financial Management can help you and your family reach your financial goals – whether building wealth, improving your lifestyle or reducing your tax burden.

Services include:

  • Financial advice: Pursue your personal or professional financial goals with customized, comprehensive and objective financial advice.
  • Investment and portfolio management: Benefit from highly personalized service, advice and communication about your investments.
  • Incorporation: Your MD advisor has the expertise and analytical tools to determine if it is right for your practice and to develop strategies to take optimal advantage of incorporation.
  • Insurance solutions: Your team of insurance specialists, at MD and your provincial association (AMA's ADIUM Insurance Services Inc.), work together to help you attain greater financial security.
  • Estate and trust: Our specialists can help you maximize, control and share your wealth more effectively.
  • Banking solutions: Enjoy intuitive debt management and banking solutions that integrate seamlessly into your overall wealth management plan.

Contact an MD Financial Management advisor for more information
Visit MD Financial Management webpage for Residents

TD Insurance Meloche Monnex/AMA Scholarship

New as of 2015, there are now four scholarships of $5,000 each to be awarded every year to five deserving recipients.

To be eligible, you must be an AMA member physician:

  • Who has applied for a program after completing a Royal College of Physicians and Surgeons of Canada or College of Family Physicians of Canada certification program


  • In established practice who wishes to pursue supplemental training.

Learn more about the TD Insurance Meloche Monnex/AMA Scholarship

CMA Member Discounts

The CMA delivers real value – thousands of dollars’ worth – to physicians and their families. As a CMA member, you have access to exclusive savings programs and value-added services from brand-name companies. You can save on car rentals, hotels, travel, cellphone plans, business services, mobile software, fitness and leisure and more.

For more information, please visit

Learn more about AMA membership

Featured Items

The Alberta Medical Association stands as an advocate for its physician members, providing leadership & support for their role in the provision of quality health care.