A stake in a business partnership is an amazing asset, but one that comes with responsibilities. What if you or a partner suddenly can’t work due to a disability? It usually makes sense for all parties to have an insurance-funded buy-sell agreement.
Not everyone needs medical evacuation protection, but if you’re a physician who travels, it may be a good idea. Tracey Hass, D.O., and husband, Tim Gueramy, M.D., of Austin, Texas are regular "pond-jumpers". Tracey is the volunteer medical director of the Miracle Foundation, an Austin-based non-profit. The job regularly sends her to India to provide patient care and to many emerging nations to assist with humanitarian efforts following natural disasters. Making the world a better place involves risk, so Tim and Tracy have learned to take precautions.
No one likes to consider their own mortality. But if you have a family or spouse who relies on your income as a Texas physician, set those feelings aside. Realizing the need for life insurance is an important first step, while qualifying for it is much more involved, as insurers evaluate each application based on a number of criteria, including age, lifestyle, profession, and health. If you're considering applying for life insurance in Texas, be aware that these health conditions listed below may affect your application, resulting in higher premiums or denial.
Life insurance policies are a critical element of a family’s financial plan. Selecting the right policy ensures your family’s well-being should the unexpected take place.
Many factors are involved in getting good employees to fill the seats at a medical practice, but job candidates consistently rank group benefits as one of the top factors impacting their decision to accept a job offer. Benefits packages matter; a robust package can make their lives much easier, while a barebones offering forces them to bear most of the monetary or administrative costs themselves.
An ideal mortgage loan candidate has low debt and a sizable income. Low debt is not often the case, however, for new physicians leaving residency. On average, physicians start their careers with $166,750 in debt. Leaving residency with large debts and career opportunities still on the horizon, new medical practitioners have many of the characteristics banks often try to avoid.
Physicians who want to take control of their health care budgets should know whether their employers offer HRA or HSA accounts. When deciding on a health spending account, knowing which one best suits your needs depends on understanding the differences, similarities and benefits of each.
As retirement age approaches, many physicians begin thinking about whether to retire early or continue working, full- or part-time. Many who choose the former are responding to changes in the healthcare system.
