Study - Young Physicians Don’t Know Much About MoneyUnlike the great singer Sam Cooke, young doctors actually do know a lot about biology and the science book.Some of them even know something about the French they took.But they don’t know much about money.That’s not just us talking. That’s the
What If You Lose a Partner or Key Person?
What If You Lose a Partner or Key Person?This could happen to you: You are a successful physician in private practice, living your dream. You have a terrific bunch of partners, and a skilled and diligent office manager who keeps the whole practice humming along. But early one morning you get a call
What You Need to Know About Group Disability Insurance
What You Need to Know About Group Disability InsuranceWhile employer provided disability insurance is a great first layer of income protection, there are some important drawbacks to be aware of.Here is an overview of the pros and cons of group disability insurance:Benefits of group disability
Association Sponsored Disability Insurance
I talk to a lot of physicians who are comparing individual disability insurance to a plan offered by their medical association (AMA, ADA, etc.).At first glance, Association Disability Insurance seems to offer physician-friendly, own-occupation coverage at a fraction of the cost of some other types
Financial Tips for Young Doctors
We’re always scouring the Web for good articles and studies about doctors and financial tips – and we were particularly pleased to come across this fine piece from Kevin Liu at KevinMD.com. Aiming his advice at young physicians who have just completed residency, or advanced fellowship training, and
Protecting the Small Medical Practice Against Disaster
On top of the terrible human toll on individuals inflicted by disasters such as Hurricane Harvey – currently affecting millions in Texas and Louisiana – disasters take a terrible toll on small businesses as well: According to data from the Federal Emergency Management Agency (FEMA), some 40 percent
The Most Dangerous Myths About Insurance Coverage
Myths About Insurance CoverageWhen it comes to insurance coverage, what you don’t know may not kill you – but it can cost an awful lot of money.Unfortunately, there are a number of myths and misconceptions that even very highly educated people have about insurance and what it covers and doesn’t
Why Doctors Should Consider Residual Disability Insurance Benefits
Not all disabilities completely knock people out of the work force. In fact, many disabled individuals are able to eventually return to work, or continue to work in a limited setting. But their disabilities still result in a substantial hit to their earnings, compared to what they were earning