Financial Protection

Insurance at Different Life Stages

The decisions you make at every stage of your life shape your need for protection.  That need starts early and changes with you.  The following guidelines can help you protect what you’ve worked so hard to achieve.

Your 20s and 30’s.

A long career ahead.
The rule of thumb is that you should set aside 2% of […]

The Secret to Retirement for Physicians

What would you like to be doing if you weren’t practicing medicine?

More and more family physicians are planning ahead so they can either afford an early retirement or—as in most cases—switch to another career.

This tendency is credited mainly to feelings of burn out, lower morale and overwhelming paperwork, as shown in The Physicians Foundation […]

Largest Expenses Physicians Are Facing

Family physicians are among the ten highest paid professions in the United States, and deservingly so, considering the grueling years of studies and sleepless nights they’ve had to endure.

However, between student debt, mortgages, government regulations and other expenses, physicians are forced to carry a lot of financial weight during their lifetime.
An expensive operation
Many doctors […]

A Look Into The Future Of Young Doctors

Great things come with dedicating your career to medicine, from the reward of improving the lives of thousands of people to the increasingly accelerated advancements in technology and pharmaceuticals.

However, in the words of baseball great, Yogi Berra: ‘the future ain’t what it used to be.’

Retiring physicians will agree, and it is because of their […]

Physician Shortage Update: Where Are We Now?

With more people in the United States becoming eligible to receive healthcare at lower costs, it’s no surprise that doctors can’t keep up with the patient demand. The question is how large is the deficit?

This limited supply of physicians is increasingly affecting health networks, walk-in facilities, family practices, independent doctors and nurses, each one […]

  • 5 Ways Family Physicians Can Improve Their Financial Security
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    5 Ways Family Physicians Can Improve Their Financial Security

5 Ways Family Physicians Can Improve Their Financial Security

Where do you see yourself in 10 years?

While this may remind you of your high school guidance counselor, our real intention is to remind you that there has never been a better time to answer this question, especially with a shift in the economy and a tug-of-war in health legislation.

Fortunately, we’ve done our homework […]

[Video] Do you have all the Life Insurance you need?

Checked your life insurance lately? It may fall short.

Watch this short video for a list of things to consider, when deciding if the coverage you have is enough.

Be sure to share this video with your colleagues about the facts behind life insurance and how the AAFP Insurance Program can help protect you and […]

4 Ways to Reduce Operating Costs in Your Private Practice

For some family physicians, going into private practice was the easiest career decision they ever had to make. You have absolute autonomy over how you manage your business, who you hire as a member of your staff, and which insurance carriers and vendors you get to work with. While running a private practice is […]

Financial Insights from Family Physicians: Part II

In Part I of Financial Insights from Family Physicians, we discussed the importance of having the right levels of coverage for disability and life insurance. While it’s often difficult to know the exact amount of coverage you’ll need, the benefits of having it outweigh the costs. In today’s post, we wanted to know from […]

Financial Choices to Avoid as a Family Physician

“While doctors are certainly smart, their medical ability does not necessarily translate to financial acumen,” said a New York Times article addressing those who face tough financial challenges, while making over six figures a year. Overconfidence, busy schedules and big pay checks often leads to poor financial management. However, it is never too late […]