Story at-a-glance Group disability insurance may not protect your actual specialty – Many policies use an "any occupation" definition after just 2 years.You may only receive ~35–40% of your salary – After offsets, taxes, and uncovered bonuses, benefits can fall far short of
The 8 Most Important Disability Insurance Questions to Ask Before You Buy
Story at-a-glance What counts as “disabled”? – Look for true own-occupation coverage that protects your specialty for the full benefit period. Can you still earn income elsewhere? – Top-tier policies let you work in another field while still receiving full benefits. How soon do
Different Types of Own Occupation Disability Insurance
Story at-a-glance Not all own-occupation policies are the same—definitions vary in how disability is determined and whether you can work elsewhere while collecting benefits.True own occupation lets you collect benefits even if you work in a different job—ideal for physicians.Specialty-specific
Average Med School Graduate Student Loan Debt Reaches $250,000
Story at-a-glance Average med school debt is $250K+—and that’s before interest. Managing it well starts early.Don’t defer in residency—low income means lower payments on income-driven plans like REPAYE.REPAYE helps with interest—the government covers half of unpaid interest above your monthly
Insurance Coverage Every Private Practice Needs
Story at-a-glance Your risks multiply when you move from employee to private practice owner—your income, staff, and business all need protecting.Buy-sell life insurance ensures surviving partners can buy out a deceased partner’s share—without interference from heirs.Practice overhead insurance
Physicians Get Paid Best in Rural Areas and Lower-Cost Cities
Story at-a-glance Physician pay varies wildly by city – Doctors in smaller cities and rural areas earn more than peers in major metros like NYC or SF.Cost of living makes a huge impact – Even high salaries in big cities often don’t go far after housing, taxes, and expenses.Highest-paid cities
Association Disability Insurance
Story at-a-glance Low rates now, high cost later – Association premiums may start cheap but skyrocket as you age.Your contract can change – Association plans can adjust terms, deny claims, or cancel coverage.Not true own-occupation – Income from teaching or consulting could reduce your
Five Important Disability Insurance Riders Doctors Should Understand
Story at-a-glance Riders can dramatically strengthen your disability policy, especially for physicians with evolving income and responsibilities.The Residual Disability Rider ensures you’re covered for partial disability and during your recovery—essential for medical professionals easing back