Long Term Care Planning for Physicians

June 27, 2024September 11, 2020 by Justin Nabity

In many ways, financial planning is a process designed to help investors deal with the inevitable messiness of life. Such as unforeseen illness, sudden career shifts, unexpected windfalls, and all the difficult decisions that come with these changes. As we age, we all become more likely to develop health conditions that affect our independence, mobility, … Read more

Steps to Get Licensed with the Arkansas Medical Board

October 2, 2023September 8, 2020 by Justin Nabity

Over the last decade, you poured your blood, sweat, and tears into your medical school coursework and seemingly endless residency.

Now it’s time to fill out your application and submit it to the Arkansas Medical Board.

The license application itself is relatively straightforward and easy to complete. But gathering up the appropriate documents and forwarding to the Board will be the most tedious and time-consuming aspect.

If you follow the Board’s guidelines, you’ll have your medical license in four months or fewer!

So, are you ready to get your license in hand and officially begin practicing as a physician in the State of Arkansas?

Steps to Get Licensed With the Georgia Medical Board

September 21, 2023September 2, 2020 by Justin Nabity

Let’s face it. Your medical school degrees and successful residencies don’t mean much without actually having a license to practice.

Now, it’s time to get the ball rolling on the most crucial step:

Applying for licensure.

Getting licensed with the Georgia Medical Board requires you to complete an initial application and additional forms to prove you’re a good physician candidate.

If you play your cards right, you might have that medical license in your hand in a month.

So, what does it take to make the application process as simple as possible in the State of Georgia?

Keep reading to find out step-by-step exactly what you’ll need to do and in what timeframe.

How Much Disability Insurance Do Physicians Need?

August 22, 2023August 28, 2020 by Justin Nabity

Malpractice insurance, auto insurance, health insurance, business insurance, homeowner’s insurance: physicians are required by law to carry various insurance policies. Many other important insurance policies are completely optional.

And one of those optional insurance policies is disability insurance.

Yet as a physician, you shouldn’t think of disability insurance as an option at all. That’s because it’s one of the single best ways to protect your finances and protect your income.

But how much disability insurance do you actually need? When should you get it? Do you need it forever?

Today we’ll be answering the question that many physicians have: how much disability insurance do physicians need?

When Physicians Should Walk Away From a Job Offer

October 18, 2022August 24, 2020 by Justin Nabity

The decision to turn down a job offer can be a difficult one. Especially for young doctors facing pressure to secure an employment contract. Too many new physicians make the mistake of accepting any offer out of a sense of urgency. Only to then find themselves stuck in a bad position or back on the … Read more

Education Planning for Your Children

October 21, 2022August 21, 2020 by Justin Nabity

Creating a college fund for children or grandchildren is a common financial goal among physicians. With a 529 plan, you can build up a nest egg for tuition, while also taking advantage of a variety of tax perks. A 529 plan is a tax-advantaged account designated to save for education costs. Also known as “qualified … Read more

Term vs. Permanent: A Physicians Life Insurance Comparison Guide

November 26, 2024August 17, 2020 by Justin Nabity

Term life. Whole life. Universal life. Permanent life. Surely you’ve heard these terms before, but now that you’re ready to buy life insurance, you’ll need to understand what they all mean.

There are hundreds of different life insurance policies to choose from. Some will cover your final expenses while some will leave a death benefit for your children or spouse. Others offer a way to generate tax-free income in retirement.

Term life is the most straightforward policy you can buy — your beneficiaries collect a death benefit if you die before the end of your term period. But there’s one question that everyone has about term policies:

What happens if I outlive my life insurance?

Provider Reviews: AMA Life Insurance

December 27, 2024August 13, 2020 by Justin Nabity

Life insurance is just one of many different types of insurance you should carry as a physician. If you have dependents or a spouse that rely on your source of income, life insurance offers them an added measure of protection when you die.

Like all types of insurance, there are a variety of different policies, types, and providers to choose from.

As part of our continuing series of life insurance provider reviews, today we’re taking a look at AMA life insurance. Is it worth it? Should you have it? Does the fact that it’s offered through the American Medical Association make it a better choice for physicians than other policies?

Today we’ll cover its features, rates, benefit amounts, and other options in our full-provider review to AMA life insurance.

Everything You Need to Know About Medical Peer Reviews

October 18, 2022August 11, 2020 by Justin Nabity

As a physician, you’ll have to undergo years of medical school and residency, the time-consuming processes of credentialing and privileging and, sometimes, the stressful process of a medical peer review.

Most physicians are highly adept at navigating the many administrative, bureaucratic, and legal regulations that come with the job.

Yet, for many physicians, the peer review process is an especially challenging one.

If you’re the subject of a medical peer review or want to arm yourself with information in case one arises later in your career, keep reading.

Here’s everything you need to know about medical peer reviews.

Steps to Get Licensed With the Ohio Medical Board

September 25, 2023July 23, 2020 by Justin Nabity

steps-to-get-licensed-with-ohio-medical-board

Graduating med school and finishing your residency are the most critical steps toward becoming a licensed physician.

The only thing standing in between you and your future as an Ohio physician is the application process.

If everything goes well, you should get licensed with the Ohio Medical Board within about 60 days of applying.

But every misstep and delayed document submission will add days or weeks to the application process. That’s why you want to gather the essential documents ahead of time and submit fees as soon as possible.

So, how do you get a medical license with the Ohio Medical Board?

We’ll go over the prerequisites in Ohio state, what the licensure application is like, how much you’ll have to pay, and how long until you’re officially licensed.

Follow along carefully as we walk you through this process step-by-step.

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