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.
As you review insurance plans for your medical practice staff, you may want to consider offering long-term disability insurance.
This type of coverage can be a valuable benefit for a medical practice to offer. Statistics from the U.S. Census Bureau suggest that one in five employees have a chance of becoming disabled during their careers. On average, long-term disability absences from work last for more than two years.
Why consider hospital indemnity insurance? As a physician, it’s likely you’ve already taken the time to find a good health insurance plan for yourself and your family. You might even feel confident about your ability to deal with unforeseen injuries and serious health issues should any arise down the road. Still, no one ever got paid for lying in a hospital bed, and when physicians find themselves unable to work, it’s that much more money they’re losing.
Caring for your teeth has benefits beyond a happy smile. Recent studies show a direct link between oral health and overall health.
You’ve acquired assets over the years, investing time and money in your career. Among those assets are your life and health insurance policies. Unfortunately, these policies tend to wind up on the back burner when preparing for a divorce, which can be a time-consuming and draining experience.
