A Dirty Needle Helped This Physician Get His Finances in Order Story

A Dirty Needle Helped This Physician Get His Finances in Order

Every time we wield a needle or a knife, we are taking a small risk. That risk is magnified if the instrument is used on a patient. Blood is one of the most efficient ways to spread many infectious diseases.

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[{"selector":"#anim-919bcb26-b5f1-42ad-a754-71505161b4ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-390787c4-2a85-4ec3-b738-275890da00ff","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] One careless mistake or accident can have lifelong consequences. As doctors, we’re focused on helping others in harm or pain, but we sometimes forget that we put ourselves and our families at risk in the process. Read More

So, of course, my thoughts immediately turned to my family – are they ultimately protected financially if something happens to me? Here are a few things I considered.

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A Dirty Needle Helped This Physician Get His Finances in Order

In the case of an injury, we have to consider lost future income and how that would affect our ability to pay ongoing expenses such as school loans, mortgages, etc.

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Fortunately, I’ve already covered myself to the maximum limit I can with specialty-specific coverage, an absolute must for anyone who is in a procedurally-based field.

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That way, if I injure my hand and cannot intubate, the insurance company can’t refuse to pay my claim and tell me to go back into training and or work at an urgent care facility.

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Family Finances

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We’ve set up a family trust although we haven’t put our assets into it yet. I’ve been slow with the paperwork and I need to get on it, immediately.

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Top Paid Medical Surveys

[{"selector":"#anim-dde4d339-fd4c-4cda-b130-31b2b8285fc5","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c7a1a1f-72b5-4caf-a571-4d437b7a4e54","keyframes":{"transform":["translate3d(-125%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04caf427-badf-4c5b-bbd0-9b3abfa46db7","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5602ae4-0779-4e18-ade3-a0f641f7fc60","keyframes":{"transform":["translate3d(-125%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Top 5 Mistakes Doctors Make With Disability Insurance

A Dirty Needle Helped This Physician Get His Finances in Order

Every time we wield a needle or a knife, we are taking a small risk. That risk is magnified if the instrument is used on a patient. Blood is one of the most efficient ways to spread many infectious diseases.

So, of course, my thoughts immediately turned to my family – are they ultimately protected financially if something happens to me? Here are a few things I considered.

A Dirty Needle Helped This Physician Get His Finances in Order

In the case of an injury, we have to consider lost future income and how that would affect our ability to pay ongoing expenses such as school loans, mortgages, etc.

Disability Insurance

Fortunately, I’ve already covered myself to the maximum limit I can with specialty-specific coverage, an absolute must for anyone who is in a procedurally-based field.

That way, if I injure my hand and cannot intubate, the insurance company can’t refuse to pay my claim and tell me to go back into training and or work at an urgent care facility.

Family Finances

We’ve set up a family trust although we haven’t put our assets into it yet. I’ve been slow with the paperwork and I need to get on it, immediately.

Asset Protection

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Top Paid Medical Surveys

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