As a physician, malpractice insurance is one of the best tools you have to protect yourself. No matter how skilled or experienced you may be in your field — mistakes can happen.
Protect Your Money
We support physicians’ career and planning from contract to retirement.
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.
Don’t Get Short-changed by Short-sighted Savings in Disability Insurance
Fully protect the investment you have made in your earning potential
Physicians often share other disability plan ideas they have been told about. We love when this happens so we can help them compare their options. But there is a concerning trend in these plans. We are seeing a shift in the definition of “total disability.” As a result, this shift leaves physicians exposed to risk. This risk often comes without significant cost savings when compared to more comprehensive plans. These plans are being marketed as being physician-specific because they cover occupations in the medical field. However, we would like to highlight the main difference from the “true own occupation” plans we recommend to our physicians. This difference might outweigh any premium savings. In addition, these methods can help you avoid any short changed issues that may occur due to short-sighted savings.
Locum Tenens Coverage: Disability, Health, Malpractice and More
Working in medicine is unique in that the title of “physician” means many different things.
Some physicians work around-the-clock shifts in hospital emergency departments. Other physicians operate private practices and focus on primary care or preventative medicine. Some deliver babies, some treat cancer patients, and some perform invasive neuro or cardiac surgeries.
Yet, no matter what type of specialty you’re in, all physicians share one thing in common:
The ability to perform their work anywhere in the world.
Tech experts might be most in-demand in Silicon Valley. Professional actors are more sought after in LA than in Idaho. On the other side of the coin, physicians can work in any and every major city, small town, and rural part of the world.
The vast majority of physicians work full-time jobs in or near the city in which they live. But a growing number of U.S. physicians, approximately 40,000, choose to work locum tenens positions.
Working as a locum tenens physician has many benefits, but before you give up your job search or quit your full-time gig, there’s something you should consider:
What types of insurance will you need?
If you’re considering working locum tenens, here are the top five types of locum tenens insurance coverage you will need.
How to Avoid or Overcome Life Insurance Fraud
There are several types of life insurance fraud. As a policyholder, you need to know what kinds of mistakes or omissions on your application might cause your beneficiary’s claim for benefits to be denied. As a beneficiary, you need to understand how beneficiary designations can be changed fraudulently and how to fight that. Furthermore, this … Read more
Do Surgeons Need Hand Insurance?
As a full-time surgeon, your hands are one of your most significant assets. Without the use of your hands, you simply cannot do your job.
So what would you do if you suffered damage to one or both of those appendages?
From common conditions, like nerve damage and arthritis, to more severe situations, such as losing a finger, your entire career as a surgeon would be at risk if you no longer had full function of your hands.
And this is why so many surgeons consider getting hand insurance.
What exactly is hand insurance?
How much does it cost?
Is it something a surgeon should have?
Today we’re answering the question that so many physicians want to know:
Do surgeons need hand insurance?
Nationwide Life Insurance Review
Many people think that life insurance is just another way to leave our heirs some money when we die, a way to provide them a safety net should the family suffer a loss of income.
And while that is the primary reason for having a life insurance policy, it’s certainly not the only one.
Depending on the policy you select, it can also be a tool for retirement planning and long-term financial planning.
But not all life insurance policies are the same. There are many distinctions and variables that can make it hard to choose one.
As part of our continuing series of life insurance provider reviews, today we’re profiling Nationwide.
This Nationwide Life Insurance review can be used as a guide to help you learn more about what types of insurance Nationwide offers and if they are the right insurer for you.
GSI vs. Non-GSI: Should Your Insurance Policy Have a Health Screening?
Disability insurance is the single best way that physicians can protect their future income if they become ill or injured and cannot work. And while there are hundreds of different policies out there that offer different benefits and terms, there is one thing that almost all have in common:
You’ll need to undergo a health screening before the insurance company starts the underwriting process.
But that is not the case with GSI.
GSI policies do not require a health screening or medical examination. That can certainly make it easier to get coverage, but that doesn’t necessarily mean that it’s better.
Life Insurance Claim Denied? Here’s What to Do
Veronica Baxter |Â Boonswang Law Firm If you are a beneficiary to a life insurance policy and your claim gets denied, do not take no for an answer. The insurance company is required to tell you why your claim gets denied, and many times, upon further investigation, that denial is determined to be invalid. This article … Read more
9 Common Life Insurance Riders that Physicians Should Know
When it comes to choosing a life insurance policy, doctors are in a challenging position. Most physicians’ families rely on their income to provide for basic living expenses as well future savings. In the event that a physician passes away, life insurance provides a financial safety net for their loved ones. However, because physicians tend … Read more
