Story at-a-glance No employer = no safety net – As an independent contractor physician, you must secure your own disability coverage or risk financial loss.Own-occupation coverage is critical – Choose a policy that protects your specific ability to practice medicine, not just any job.Customize
Tax Strategies for Self-Employed Physicians: Deductions and Credits You Should Know
Story at-a-glance Self-employment tax is steep—but deductible – You pay 15.3% in self-employment tax, but can deduct half to lower your taxable income.Home office, health premiums, and business expenses are major deductions – You can write off office space, insurance, supplies, CE, and
Introduction to Long-Term Care for Self-Employed Physicians
Story at-a-glance Long-term care is likely and expensive – With people living longer, the odds of needing costly care like home health aides or nursing homes are rising fast.LTC costs can drain your savings – A single year in a nursing home can exceed $100,000—without planning, these costs can