Story at-a-glance Most physicians have disability insurance—but many rely too heavily on group plans like AMA, which come with serious limitations.AMA policies can be changed or canceled at any time, offer limited partial benefits, and often increase in cost every five years.Individual
Physicians Should Base Disability Insurance on Reality, not Rules of Thumb
Story at-a-glance Physicians need specialty-specific protection, especially with a 1 in 8 chance of being disabled before age 65.Don’t rely on rules of thumb—benefit amounts and elimination periods must match your actual expenses and savings.Monthly benefits should reflect real needs, not just
Will Your Disability Policy Protect You at the Next Level?
Story at-a-glance Physician income can skyrocket post-residency, making early disability coverage quickly outdated.Standard policies may only cover a fraction of a physician’s new, higher income—creating a serious gap in protection.Future increase riders are key, allowing coverage boosts
Dr. Disability: Healthy Habits
Story at-a-glance Even the healthiest physicians can get sick or injured, putting their income and career at risk.Physician disability insurance replaces lost income if illness or injury prevents you from practicing.Workers’ comp and health insurance aren’t enough—they don’t protect your
Disability Insurance Definition: A Simple Guide for Physicians
Story at-a-glance Disability insurance replaces your income if you can’t work due to illness or injury—yet many professionals overlook it.Physicians face higher disability risk due to demanding work and often carry significant student debt.Social Security Disability Insurance (SSDI) offers
Budgeting for Financial Freedom: A Simple Guide for Physicians
Story at-a-glance Budgeting isn’t restrictive—it’s a tool for financial freedom, especially for physicians managing complex income and expenses.Start by assessing your current income, not future projections, to avoid overspending.Track both essential and discretionary expenses to uncover
How to Build an Emergency Fund for Physicians (Without Cutting Into Your Lifestyle)
Story at-a-glance Physicians need an emergency fund—3 to 6 months of expenses in a liquid, safe account.Most doctors don’t prioritize cash reserves, putting their financial stability at risk.Keep funds in a high-yield savings account or money market fund—not investments.Build it gradually with