First Year Residents Face Grueling 28-Hour Shifts

Posted on: April 10, 2017 by Chuck Krugh, CFP

Med students, get ready for some grueling shifts.  Beginning July 1st, doctors in their first year of practice will be allowed to work shifts up to 24 hours long in direct patient care in hospitals all over the United States. The move lifts the 16-hour limit that has been in place since 2011. The change […]

Posted in: healthcare Medical News Medical Residents Practice Management stress management

Disability Among Medical Students Up To 9 Times Higher Than Previously Believed – And What It Means To Employers

Posted on: March 13, 2017 by Chuck Krugh, CFP

Recent research from the Journal of the American Medical Association (JAMA) indicates that there are far more people making it through medical school with disabilities than we imagined. Indeed, the number of students with disabilities of various sorts going through medical school may be as much as nine times what we believed previously. Researchers polled […]

Posted in: disability claims Financial Planning Medical News Medical Residents Practice Management

Beating Burnout

Posted on: February 10, 2017 by Chuck Krugh, CFP

Burnout is real – and it’s an increasingly common problem among doctors across the U.S. Physicians are being increasingly squeezed between tightening reimbursement rates, the demands of practice management, liability concerns, demanding schedules, regulatory burdens and the relentless onslaught of information. Patients can be difficult or uncooperative, or it could just be a matter of […]

Posted in: healthcare Medical Residents Practice Management stress management

Why is Disability Insurance More Expensive for Women?

Posted on: November 9, 2016 by Chuck Krugh, CFP

Occasionally we have clients compare rates for similar individual disability insurance policies for men and women. “Why are rates higher for women,” they ask. The answer: Because it’s worth it! Here’s why: When insurance companies set rates, they base them on their claims experience for similar policy holders in the past. Insurance actuaries are some […]

Posted in: disability claims Disability Insurance Doctor disability insurance Medical Residents physicians disability insurance

Residents – What They Earn and What They Owe, Nationwide

Posted on: September 27, 2016 by Chuck Krugh, CFP

The average salary for residents for 2016 was essentially unchanged compared to the prior year, at $56,500, according to the recently-released Medscape Residents Salary  & Debt Report 2016. That represents an increase of $100 per year, which is well within the margin of error. Naturally, some specialties out-earned others, and just about everybody out-earned emergency […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning Medical Residents Money Management Physician Money Management physicians disability insurance

Why People In Their 20s and 30s Need Disability Insurance

Posted on: August 23, 2016 by Chuck Krugh, CFP

As a young and healthy person, it’s easy to think of wheelchairs, canes and handicap placards as an issue for older Americans. But that’s just not true. Aside from the risk of accidents and injuries, there are also a number of severe, debilitating and potentially career-ending diseases strike young people even in their 20s and […]

Posted in: disability claims Disability Insurance Doctor disability insurance Medical Residents physicians disability insurance

Disability Insurance Rates Set to Increase by 20%

Posted on: May 4, 2016 by Chuck Krugh, CFP

MetLife to Suspend the Sale of New Disability Insurance If you’ve been putting off getting disability coverage, now is the time to act. Here’s why: One of the best disability contracts for physicians on the market – and one of the best values – is the MetLife policy. Unlike many cheaper disability policies, it’s a […]

Posted in: Disability Insurance Doctor disability insurance Medical Residents physicians disability insurance

6 Reasons You Should Own Your Own Disability Insurance Policy In Addition To Your Employer’s Group Policy

Posted on: April 7, 2016 by Chuck Krugh, CFP

Many people we speak with ask us why they should purchase their own disability insurance when their employer already offers a general group plan for all the employees. There are many reasons why doctors and dentists, especially, should own their own individual disability policies. Here are some of the most important reasons:  1.  Group plans are […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning Medical Residents physicians disability insurance

How To Deal With Medical School Debt

Posted on: March 23, 2016 by Chuck Krugh, CFP

In the long run, medical school is worth the investment many times over. But it sure doesn’t feel like it sometimes when you’re making those big payments! If you’re just starting out on your medical career, here are some things to keep in mind as you create a strategy to minimize the burden of your […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning Medical Residents Money Management Physician Money Management physicians disability insurance

Is the REPAYE Plan a Good Deal for Doctors?

Posted on: February 21, 2016 by Chuck Krugh, CFP

REPAYE, a new twist on the existing Income-Based Repayment (IBR) and Pay-As-You-Earn (PAYE) programs to adjust student loan payment programs to income – just became operational in the final weeks of the end of 2015. The program will potentially benefit up to 5 million Americans who are now enrolled in the IBR program, which caps […]

Posted in: Financial Planning Medical Residents Money Management Physician Money Management