Many young physicians dream of the freedom of opening their own private practice, mid-career. But sometimes the ability to fulfill one’s dreams gets hampered by decisions you make in your 20s. Recently, we had a call from a young surgeon, 36 years old, who was planning to open up a new practice
Misguided Missiles: Sleep-Deprived Medical Residents and Motor Vehicle Accidents
Consider this: A pregnant resident and member of The Committee of Interns and Residents (CIR/SEIU), a multi-state union, tells a story of working a long shift in the intensive care unit at a hospital. One day, after clocking in at 7:15 am, she worked for 30 straight hours because there were a
AMA Disability Insurance Versus Individual Disability Insurance
The good news is that, as a group, physicians seem to take the real threat of incurring a disability to heart. According to a 2007 survey by the McGill Advisory, nearly 100 percent of the physicians surveyed said they were covered by some form of disability insurance. The bad news, also revealed in
Disability Insurance Brokers Offer Best Solutions for Physicians
There was a time when physicians could obtain high quality disability insurance from a wide range of insurance carriers. Then, due to increasing costs and competition, the field narrowed, as did the available benefits, making it more difficult for physicians to obtain this coverage. Today,
Disability Statistics vs. Common Misperceptions
As Disability Insurance Awareness Month draws to a close, we thought it pertinent to revisit the results of a survey conducted by the Council of Disability Awareness back in 2011. The survey looked into the attitudes and knowledge consumers have over matters related to becoming disabled and then
Physician Residual Disability Benefit Critical for Max Protection
While there is no actual data available that indicates the percentage of physician disabilities which are partial, as opposed to total, our experience indicates that it is very nearly half and half. A partial disability due to an illness or injury may prevent a physician from performing some of his
May is Physician Disability Insurance Awareness Month
Maybe it’s just a coincidence that May is both National Arthritis Awareness Month and Disability Insurance Awareness Month. But with the recent study released by Global Burden of Disease that found that musculoskeletal (MSK) conditions are the second greatest cause of disability, it serves as a
Physicians Should Base Disability Insurance on Reality, not Rules of Thumb
In countless blog posts here we have stressed the importance of understanding the definition of “disability” in choosing a physician’s disability insurance plan. More than any other type of professional, physicians must be able to protect their specific occupation and specialty from the prospect of