Physician Expense Insurance - covers all your physician related expenses

If you are a physician then it’s likely that sometime during your career you will have to deal with the stress of managing expenses on a tight budget. Many doctors choose to apply for insurance coverage through their insurance company that is specifically designed for physicians, which covers all of the medical-related expenses they may encounter throughout their career.

Physician expense insurance is specifically designed for physicians and can be very beneficial in helping them manage costs associated with professional development such as continuing education, malpractice insurance or licensing fees. While there are many types of health care coverage options available to physicians, it’s important that every physician assess his or her personal needs and budgets when considering if this type is right for them.

To discover if you are a good candidate for this type of coverage, you may want to think about the following when shopping for physician expense insurance:

It is best for physicians who have surgical privileges and have been in practice for at least 5 years. It is difficult to qualify when you first come on board and it usually takes at least 5 years to accumulate enough serious claims before being able to begin using the full benefits of this insurance. It is important that physicians have a “low risk” profile before applying for this kind of insurance. For example, claims from sore throats can really hurt your premium cost. It is easiest to get approved for this type of insurance when your shifts are either all day (8+ hours) or all nighters (10+ hours), so that there are fewer gaps in coverage. You should be billing on average at least $200 per hour before considering this kind of insurance. Your call schedule should be predictable and stable – on every other weekend, for example, or every 4th night. It also helps if you work in one specialty, say orthopedics or OB/GYN – specialties where the procedures are more uniform. It is important that physicians have enough income to cover their expenses while waiting to receive payment from the insurance company itself. It is better to qualify for this type of insurance if you can’t afford to buy an umbrella policy through your employer. In the event that your physician salary drops, this coverage will help cover some of your expenses without your having to dip into your savings account. It is important that physicians are familiar with their local market when shopping for this kind of coverage. This will be helpful in determining premium costs and the amount of time it may take to get approved by the insurance company.

Any physician who has been in practice for many years know about the importance of maintaining a healthy practice that protects and insures their patients as well as themselves. This is one of the reasons this kind of insurance is so beneficial for physicians. It helps them pay for all their professional expenses and allows them to focus on what they love most – practicing medicine.

If you are interested in getting more information about physician expense insurance, please feel free to call us at 617-221-9200. We would be happy to answer any questions you may have and help you find the right type of coverage that fits your medical practice needs.

Claims Consultants - 617-221-9200

Carolyn Freund / Dental Claims Consultant - 617-221-9200

David Baker / bostonclaimshelp@gmail.com / Claims Consultant - 617-221-9200

Carrie Doolan / MaineorClaims@gmail.com / Claims Specialist - 617-221-9200

John Bocci / johnbocci@gmail.com / Claims Consultant - 617-221-9200

Gerard Costello / gerardcostello@gmail.com / Claims Consultant - 617-221-9200 and

Carolyn Freund / Dental Claims Consultant - 617-221-9200 and

Donna Zaccardo / DonnaZaccardo@msn.com / Claims Consultant - 617-221-9200

When we are looking for the right insurance, we should research for everything we need, this site is the one of the sources that can provide you more useful information. When you have a chance to visit here, please read my article that will guide you in choosing your physician expense insurance.

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