PracticeLink Magazine

Spring 2019

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

Issue link: https://magazine.practicelink.com/i/1087205

Contents of this Issue

Navigation

Page 35 of 91

36 S PRIN g 2019 PracticeLink.com L E G A L M AT T E R S Lehigh Valley Health Network supports your need to balance work & home life! We are an innovative and growing health network that consists of 8 hospitals. LVHN is the largest employer in the Lehigh Valley area! Openings for Physicians, Physician Assistants, and Nurse Practitioners! Visit www.lvhn.org/careers for a complete list of career opportunities. Benefits of joining LVHN: • Highly Competitive Compensation + Starting Bonus • Relocation Assistance • Education Stipend Available to Junior/Senior year Residents & Fellows • Medical, Dental, and Vision • Medical Malpractice Insurance and tail coverage • Loan Forgiveness Assistance Program • General Allowances for Vacation, Sick, and CME • Top-tier retirement programs CONTACT Kyle Rickert Physician & APC Sourcing Specialist Kyle_A.Rickert@lvhn.org 484-862-3918 · www.lvhn.org Heal. Comfort. Care. a very generous policy. With disability coverage, there is a direct relationship between income and allowable coverage amounts. These items are important to understand when it comes to group disability insurance policies: Definition of total disability. This determines if the physician is eligible to collect on a policy should there be an adverse change in health. Elimination period. This is the number of days a physician must be out of work in order to qualify for a claim. M e nt a l / n e r vo u s /s u b s t a n c e / psychiatric claims. In most group insurance policies, claims that fall into this arena are limited to 24 months. Partial/residual claims. The vast majority of disability claims either start or end as a partial claim. Pre-existing conditions. The vast majority of group disability policies have a provision that states the insurer will not pay benefits due to "pre-existing" medical conditions. Taxation. Benefits received from the majority of employer-paid group disability policies are taxable. Portability. Most group policies end when employment ends. Who pays. Often times, the costs associated with group long-term disability insurance are covered by the employer. The benefits and exclusions in each life, professional liability and disability policy are critical to understand. A benefit offered by an employer may not be as generous as it initially seems, and you may elect or need to supplement a policy individually to ensure you have adequate coverage in place if the unforeseen or unexpected occurs. BRUCE ARMON, ESQUIRE (bruce.armon@ saul.com), is chair of the health care group at Saul Ewing Arnstein & Lehr, LLP. Jay Weinberg (Jay@atlanticpension. com) is an independent financial planner with 18 years of experience. Read more about our contributors on page 22. Win! Find your next practice— and enter to win a $500 gift card— at PracticeLink.com/Win.

Articles in this issue

Links on this page

Archives of this issue

view archives of PracticeLink Magazine - Spring 2019