Physician Disability Insurance: New Painkiller Regulations

Posted on: July 31, 2012 by Chuck Krugh, CFP

Physician Disability Insurance: New Painkiller Regulations The Food and Drug Administration announced July 9 that it would not require doctors to have special training before they could prescribe long-acting narcotic painkillers, saying the power to mandate it rested in Congress. This post is brought to you by Physician Disability Insurance. The announcement arrives after years […]

Posted in: physicians disability insurance

Traditional vs. Residual Disability Insurance: Key Similarities

Posted on: by Chuck Krugh, CFP

In previous posts we’ve looked at two types of disability income insurance – traditional and residual – and looked at some of the key differences between them. Now we’ll take a look at some of the key similarities. For tax purposes: All premiums paid on individual disability insurance are not tax-deductible since disability insurance is […]

Posted in: Disability Insurance

Don’t Count on Workers Comp for Disability Income

Posted on: July 30, 2012 by Chuck Krugh, CFP

If you’re working in the medical profession and you are counting on workers compensation insurance to cover your financial needs should you become disabled, think again. Work-related accidents cause fewer than 5% of all disabilities, according to a May 2012 study by The American College.  Despite the likelihood that a non-work event would be the […]

Posted in: Disability Insurance healthcare physicians disability insurance workers comp

Traditional vs. Residual Coverage: Key Differences

Posted on: by Chuck Krugh, CFP

In previous posts, we described how traditional and residual disability income insurance works in terms of paying benefits. Now, let’s look into some key differences between the two types of policies. Benefits: Traditional coverage pays when the insured is totally disabled and does not work. Residual pays not only total disability, but a proportionate amount of […]

Posted in: Disability Insurance

Residual Coverage: Helps You Be Whole When You’re Not-Quite

Posted on: July 27, 2012 by Chuck Krugh, CFP

Traditional disability coverage has been explained as that benefit which pays up to 70 percent of your monthly income when you (the insured) are totally disabled due to illness or injury. That coverage stops paying as soon as you can go back to work – even if it’s not to the level you had before […]

Posted in: Disability Insurance

Physician Disability Insurance: Take Care of Your Health

Posted on: July 26, 2012 by Chuck Krugh, CFP

Physicians are some of the most highly educated individuals in the country. As an industry, their level and depth of healthcare knowledge is second to none. But how often do they apply that to their own health and well-being? According to the Center for Disease Control, about 37% of male doctors and 28.6% of female […]

Posted in: Disability Insurance healthcare physicians disability insurance Uncategorized

Traditional Coverage: All the Way, or No Pay

Posted on: by Chuck Krugh, CFP

In a previous post, we gave you a very general description of the two types of disability income insurance coverage – traditional coverage and residual coverage. Now we will look a little deeper into each of these types of coverage and the specific roles they play in insurance and financial planning matters. Traditional disability income […]

Posted in: Disability Insurance

Supreme Court Obamacare Ruling Helps Disabled

Posted on: July 25, 2012 by Chuck Krugh, CFP

On June 28, 2012, Chief Justice John Roberts issued his majority ruling on President Obama’s healthcare reform law, the Patient Protection and Affordable Care Act, dubbed “Obamacare.” The ruling is a mixed bag of approvals and disapprovals, but one part of the act that was upheld affects physicians who suffer from a disability.  Starting in […]

Posted in: Disability Insurance healthcare Physician Money Management physicians disability insurance

Disability Insurance: Traditional vs. Residual Coverage

Posted on: by Chuck Krugh, CFP

Now that you have read prior posts about what disability income is and the various key terms in a disability policy and what they mean, now we can take you into a little more specific detail about the types of disability income insurance policies that are available. We’ll first look at the definitions of the […]

Posted in: Disability Insurance Physician Money Management

Learning the Lingo – Part 7

Posted on: July 24, 2012 by Chuck Krugh, CFP

You’ve finally gotten to the end of your foreign-language lesson in Insurance-ease. If you have patiently read through our full series of posts (six of them prior to this one), you have been educated on some of the key terms that describe provisions, terms, rules and expectations with disability insurance – both for the benefit […]

Posted in: Disability Insurance Physician Money Management