Disability Insurance for Dentists and Oral Surgeons

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Whether youโ€™re a general dentist, an oral and maxillofacial surgeon, endodontist, or another type of dental professional, you know that dentistry is rewarding work. Therefore, disability insurance for a dentist is important.

Further than the education and experience alone, it also provides you another benefit:

The opportunity to earn a higher-than-average salary.

According to the U.S. Bureau of Labor Statistics, the average dentist salary in the U.S. is approximately $164,000 per year.

Oral and maxillofacial surgeons top the field as the highest income earners of all MD dentists, making an average of roughly $235,000 per year.

And when you earn a physicianโ€™s salary, you need to protect it with a disability insurance plan.

From how much it costs to picking the right insurer, hereโ€™s our guide to disability insurance for dentists and oral surgeons.

Physicians Thrive can help you choose the best disability insurance to protect yourself, your family, and your dental practice.ย Contact usย today to find out how.

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Provider Reviews: MassMutual Disability Insurance

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For physicians and other high-income earners, long-term disability insurance is a must.

If you become injured, ill, or disabled and cannot work, disability insurance will provide you with income. Itโ€™s a way to protect your family and provide for your future without having to dip into your savings or retirement funds.

But, like all forms of insurance, it can be difficult to decide which disability policy to select.

Today weโ€™re taking a look into what a disability insurance policy from MassMutual looks like. This disability insurance review will discuss how it can benefit you in the event that you can no longer perform the duties in your current line of work.

Physicians Thrive can help you find the best disability insurance for you and your loved ones. We can help you pick the best insurance riders, guide you through the application process, and answer any questions you have along the way.

Here is our complete provider review on MassMutual disability insurance.

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Full Guide to Physicians Malpractice Tail Coverage

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Every doctor knows that malpractice insurance is essential to protect their career. However, few fully understand why malpractice tail coverage is so important.

Even if you plan on staying at your current position until you retire, you cannot fully control every factor that would make that a reality.

For example, you might be in good standing with your healthcare organization. However, the organization itself might be failing financially and go under. Where would that leave you?

Do you still need malpractice tail coverage if your current malpractice policy is about to end and you plan on changing up insurance companies?

These questions and more are going to be answered with this full guide to physiciansโ€™ malpractice tail coverage.

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Types of Disability Insurance for Physicians: Your Full Breakdown

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Disability insurance is protection. Protection of your finances. Protection for your family. And protection for your future. Itโ€™s as important as having health or life insurance, yet not everyone has a policy.

For physicians earning a high annual salary, itโ€™s even more crucial.

A physical disability or a serious illness can prevent you from working for a short period of time or for the rest of your lifetime. And they can occur at any time in life. Having disability insurance is a way to ensure that you will have some form of income coming in, even if youโ€™re unable to work.

Like all types of insurance, disability insurance can be rather complex. There are a variety of different policies that one can take, all of which provide different levels of coverage and waiting periods. Today weโ€™re taking a look at the various types to help you decide which one is right for you.

Here is our full breakdown of the types of disability insurance for physicians.

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Physician Practice Disability: BOE Reimbursement

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Malpractice insurance. Life insurance. Group disability Insurance. As a physician, you probably already carry several types of insurance.

But, depending on the type of physician you are, there may be one more type of insurance you may need:

Business overhead expense insurance.

BOE is a must for any physician who owns all or part of a practice. It provides coverage for business expenses that are tax-deductible should you be unable to work.

Ready to learn what itโ€™s all about?

Hereโ€™s our full guide to physician practice disability: BOE reimbursement.

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How COMDEX Ratings Help You Choose Disability or Life Insurance

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With so many differentย life insuranceย andย disability insuranceย policies to choose from, physicians need to do their due diligence in selecting the right one. And selecting the right policy begins with finding the right insurance company.

When choosing a life insurance or disability insurance policy, many people rely on the advice and recommendations of independent insurance agents andย financial advisors. Others prefer to do their own research, obtain individual quotes, and weigh the pros and cons of various policy terms and benefits.

Whether you have an expert helping find the best policy or prefer to do the legwork yourself, here’s something that may help you make an informed decision:

Comdex ratings.

Every physician needs the protection of life insurance andย disability insurance. If youโ€™re in the market for your first policy or looking to get an additional one, hereโ€™s how Comdex ratings can help you choose a life and disability insurance company.

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What Private Practices Need to Know About Administrative Malpractice

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Healthcare professionals know all too well that medical mistakes can happen at any time.

For this reason, physicians, nurses, and other medical professionals carryย medicalย malpractice insuranceย for protection.

Yet, some health care providers donโ€™t realize that malpractice claims often arise from clerical mistakes. These administrative errors can occur before or after the physician/patient interaction (e.g., at the front desk). Still, other mistakes can happen behind the scenes by staff members who may never even lay eyes on the patient.

Litigation from these mistakes may catch you off guard becauseย medicalย malpracticeย insurance wonโ€™t cover administrative malpractice claims.

If you own a private practice or are a partner in a group practice, hereโ€™s what you need to know about administrative malpractice.

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Physician Disability Insurance: When to Apply

To lock in the most favorable rates, apply for own-occupation disability insurance months before joining a practice.

Disability insurance is one of the important components of protecting a physician’s practice. Its cost is a function of many things. Some of which include the physician’s age, health history, state of residence, and specialty. There is no “one size fits all” disability insurance plan.

However, leading experts agree it is best to lock in discounts where possible, before it is too late.

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