Articles related to FINANCE

The No Surprises Act, which went into effect on January 1, 2022, serves patients by legally protecting them from unexpected bills after receiving “emergency care, non-emergency care from out-of-network providers at in-network facilities, and air ambulance services from out-of-network providers.” But there are some doctors, like this acute-care surgeon, who believes the act is unconstitutional and is taking the federal government to court.

What do family physicians and infectious disease doctors have in common? They are both medical specialties that pay the lowest when factored for number of hours worked. Read the full list to see if your specialty is among the lowest paid in the US. The results might be surprising.

In an editorial published in KevinMD.com, a neurosurgeon discusses the myriad reasons she chooses to stay in clinical practice when many of her colleagues are leaving. The reasons range from job satisfaction from treating patients to family and financial considerations.

Just because they are highly educated and high-income earners does not mean physicians are immune from making bad financial decisions. Poor investment decisions, failure to plan for taxes, and escalating debt loads are just a few of the financial issues that plague doctors across the US.

Some positive news. The 2022 contribution limits for health savings accounts (HSAs) have been increased. This year, the maximum HSA contribution limits have been set at $3,650 for an individual and $7,300 for family coverage. People who qualify to make HSA contributions can lower their current-year tax bill. The more money you contribute to an HSA, the bigger your tax break. But not everyone qualifies to contribute. Check out the latest rules and qualifiers.

Let’s be honest, some medical specialties are easier than others, offering better hours at higher rates of pay and with less stress. However, for every doctor whose specialty affords them time on the golf course, there are other specialties that leave physicians trapped in a spiraling cycle of unpredictable hours, bad pay, and terrible work-life balance. How does your specialty measure up?