Medical School Loan Debt: Your Questions Answered
In a partnership with CommonBond, we had a great webinar and Q&A discussing medical school loan debt and the best ways to tackle it. In this article we've condensed the excellent questions asked by physicians attending the webinar, and we hope it's helpful to get your debt questions answered as well!
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Tags: Debt, Debt Repayment, Medical School Debt
Your First 90 Days as an Attending: Should You or Should You Not Buy...
The first paycheck after residency will be a big change, but don’t spend it all without having a financial plan in place. So what do you do with all of that extra income?
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Transitioning from Training to Practice Q&A
In our recent webinar “Transitioning From Training to Practice Successfully” we had a lot of great questions! So we wanted to give everyone a chance to view the webinar Q&A. Hopefully there will be something here to help you as you transition from training to practice!
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What Companies Provide Disability Insurance for Doctors?
When it comes to disability insurance for physicians, there are many companies that will offer coverage. However, physicians need to be sure to get *true own-occupation coverage* which is only provided by 6 insurance companies at this point.
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Tags: Disability Insurance, FAQ
5 Things Physicians Need to Know About Disability Insurance
Be careful when you look at disability insurance policies!
It’s a particular product that works in a unique way, so we want to help you with a easy-to-follow list of what you should consider as you look at disability insurance policies.
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Tags: Disability Insurance
What is the Average Cost of Physician Disability Insurance?
The cost of physician disability insurance depends on a number of factors. Some of these specific factors are age, gender, state of residence, occupation (medical specialty), income, employer provided disability benefits, benefit amount, elimination period, benefit period, if any discounts are available, and policy riders. With all of these variables, it is difficult to derive an average cost for a physician disability policy. However, perhaps a couple of examples would be helpful...
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Tags: Disability Insurance, FAQ
How Do I Compare Disability Insurance Plans for Physicians?
Physicians looking to secure their private disability insurance coverage often find themselves struggling to get correct, current, and consistent information. These are the two ways a physician can go about comparing and contrasting their disability options...
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Tags: Disability Insurance, FAQ
How Do I Get a Physician Disability Insurance Policy?
Physicians should always look to obtain disability insurance from an independent insurance broker/agent. An independent agent ought to be able to provide quotes and policies from any of the "Big 6" disability insurance companies (Principal, Guardian, Ameritas, Mass Mutual, Standard, and Ohio National).
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Training Discounts and Physician Disability Insurance (or Why Sooner is Better than Later)
As a medical professional you definitely know that there is no way to truly prevent a disability—but there are ways to eliminate the devastating financial consequences that can occur as a result of a disabling injury.
If you're not protected, a disabling illness or injury can create financial issues, including increased debt. No one wants to consider the possibility of such an injury, but considering disability insurance while in training has tangible benefits.
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Tags: Disability Insurance
What is True Own-occupation Disability Coverage for Physicians?
True own-occupation means that you would be deemed disabled if you are unable to perform the material and substantial duties of your occupation (medical specialty) AND your benefits do not change even if you make an income (gainfully) employed in another occupation or specialty.
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Tags: Disability Insurance, FAQ