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MedSaver

Do you fly premium economy or higher?

If so, you can save about 15% with amex's international airline program. You'll need a platinum or centurion card though.

MedSaver

You can ask your new group to cover nose, but I find that less common than tail. If not already contracted, I would ask your new group to cover tail. Only a few people I know had anything less than unlimited tail after leaving a position. You don't want to be uncovered when some injured kid sues you...

MedSaver

We have one csr and one amex plat through schwab. The combination works for us because we use the csr for most things (restaurants and hotels mainly). We use both Chase and amex travel portals a lot. Sometimes they have the same properties/benefits/prices and sometimes they're different. If you trav...

MedSaver

This sounds exactly like me and my wife 4 years ago (net worth negative several hundred thousand). We refi'd our student loans to about 3% on a 5 year repayment plan and saved very aggressively investing in stocks after saving 3-4 months of emergency funds in cash/bonds. We both did Roth or backdoor...

MedSaver

I realize this is an old thread, but I just wanted to add my 2 cents. Schwab just sent me an offer of a 73% interest rate on loan of 100 shares of stock so there is a massive swing in their offers, apparently dependent on short interest. Schwab's estimate is $1100 per month of income through this pr...

MedSaver

There is some opportunity cost to paying off the loans too quickly. DW and I refi'd 4 years ago into a fixed 5 year plan (wasn't going to be eligible for pslf) even though it's possible that we could have paid them off in 2-3 years. So far, the bet has paid off as our retirement savings growth has f...

MedSaver

Hard to know without more info but it doesn't seem outrageous. As a physician, I pay about $6k per year for own occupation and a bunch of riders.

MedSaver

Thanks for all the replies. In the end we just decided to act normally without offering more. We were offered the rental, so it worked out. This was probably due to a combination of our current landlord reaching out to the new one, our turnaround time on the application of less than 24 hours and a s...

MedSaver

DW and I will be moving in the next few weeks. We are planning to rent a SFH for at least a year and are currently in the process of finding a rental. There is MUCH more interest than we expected for this region. We are visiting homes with 3-5 other potential renters. In one home, one of the other v...

MedSaver

Great. Thanks guys.

MedSaver

I can't find the answer to this specific question. My employer made a 2018 HSA contribution in March of 2019. I live in California and I understand it treats such contributions as earned income. But would this be for 2018 or 2019? Thanks

MedSaver

You can try a patent marketing group like Lambert&Lambert. You don't even need the patent approved or pending to submit it to them (although that might help). Costs $200 to submit an idea and they will provide you some sort of marketing report on the viability of your proposal. If they decide to mar...

MedSaver

If she is willing to do 1-2 years of residency, she can go to clinical pharmacy. There are a few sweet gigs to be had like oncology pharm (outpatient with bankers hours) or poison control (low stress). Otherwise inpatient pharmacy isn't terrible and she could work for a hospital system or academics ...

MedSaver

Consider a jewelry auction at a reputable house. You can get a 2-3 carat platinum ring for less than $12k.

E.g. https://www.bonhams.com/auctions/25097/ ... =90&page=1

2.9 ct for $10,650 including 25% buyer's premium. A similar stone at retail would be several multiples.

MedSaver

I think it really comes down to whether your relative would be considered to be a permissive user or an occasional user of the vehicle. Did the umbrella ask about the details of the arrangement with lending to the relative? If your relative always checks with you before using the secondary home (an...

MedSaver

Just some follow up. Geico auto added my relative to my policy as an additional driver at the same time as the new car. He said the premium increase only reflected the new car. When I asked about liability, he said that it would default to my relative's current policy if they are in an accident. I s...

MedSaver

So I currently have auto and umbrella with Geico. We will shortly be adding a new vehicle and instead of selling our old car, we will be moving it to a different location to be driven on occasion (think vacation home). One of my relatives who does not live with us would like to use the car rarely (3...

MedSaver

neilpilot wrote: ↑
Sat Feb 16, 2019 3:53 pm

This isn't an unusual situation, and typically the 2 carriers would work out a single pro-rated defense and/or settlement plan. Not really a big mess based on 2 examples of similar occurrences that I'm familiar with.

That's reassuring to hear. Thanks!

MedSaver

I’d heard that most insurers won’t write an umbrella unless most or all of your liability-bearing policies (auto/home/etc.) are with the same company for exactly these reasons. I think GEICO is an exception because they do not write their own home/renter policies but act as a broker. I agree it wou...

MedSaver

You'll also need to review your renter's/homeowner's policy to ensure there's no gaps. My renter's policy is separate from Geico and they just told me the minimums, but didn't verify that coverage.

MedSaver

sixty40 wrote: ↑
Sat Feb 16, 2019 10:26 am
For Geico umbrella, I think you need minimum 300/600 for all autos.

Geico is 300/300 for umbrella.

MedSaver

If you don't want to do the legwork for best use, you can hire people to do that for you. Obviously you'd have to decide if a free (or heavily discounted) business/first class flight would warrant the added cost (I have seen estimates of $75-$150 per reward ticket).

MedSaver

"She was at a for profit institution for the first 5 years and while she will be in a not for profit for the next 5 with our combined income would be phased out of the program. " I'm not sure what you mean you'll be "phased out of the program" based on combined income. There is no salary cap for psl...

MedSaver

Is she going to be at a pslf-eligible institution for fellowship? If so, consider starting that process, assuming she will continue for the requisite 6 years at a non-profit after she is an attending.

MedSaver

Definitely not normal, at least for MD/DO. Last I heard avg med school debt is $200k-300k.

MedSaver

Generally, this type of policy is not "own occupation", which means you must be unable to perform ANY job in order to receive a benefit (flipping burgers, telemarketer, etc.). This is much less valuable than a policy which covers you in whole or part for being unable to perform your job as a doctor,...

MedSaver

If literally every rent vs buy calculator is telling you to rent, there's a reason. It's probably because renting is cheaper for your situation. You said that you felt the calculators were not accounting for equity, but most of the calculators I'm aware of do account for this (e.g. NYT's calculator ...

MedSaver

$440 for $3MM. We are very low risk though.

MedSaver

Most will do a one time evaluation for a set fee and then you're on your own. They will provide asset allocations for you and you do the legwork. If you want them to actually manage/move money on your behalf I imagine it would be more expensive but I've not come across one that would do that on a on...

MedSaver

BolderBoy wrote: ↑
Fri Jun 01, 2018 5:39 pm

LuigiLikesPizza wrote: ↑
Fri Jun 01, 2018 12:17 pm
I carry the following limits on my auto policy - $300/$300/$50
Is the "50" = $50k property damage? If so, it is way too low. You total my new Mercedes and you'll be paying a bunch out of pocket, too.

Isn't that what the umbrella is for?

MedSaver

I've never seen GREAT monetary opportunities extended to nonpartner/nonshareholders. If it was such a great opportunity, don't you think the partners would just have bought it up for themselves? Plus you're presumably going to be buying into your share when/if you make partner right? Also, most plac...

MedSaver

Once you start the medicine path, very few don't make it to the end since getting in is very difficult. A few percent will drop out in med school because they hate it or they can't cut the academic rigors or it's too hard on their family. But Almost no one "leaves" once they are in residency. Some w...

MedSaver

My wife and I are in medicine and have $3MM in umbrella coverage even though our net worth is nowhere near that. I graduated fellowship recently and our incomes have sort of skyrocketed so it is peace of mind. We also drive older cars and remove anything that would outwardly indicate our profession....

MedSaver

Just out of curiosity, those that have or advocate a “1-2 hour” commute, how exactly do you take emergency call? My patient would be dead by the time I got there in 1-2 hours. Those physicians I know with that commute have positions either without call, can "remote" in, have residents/fellows who c...

MedSaver

I am an MD in CA and know several dual health professional couples in the bay area who have purchased homes between $1-2MM within the past 2 years. They either purchased new "starter" homes (you know the type - standard layout, narrow, but 3 stories tall and connected to other similar units) close t...

MedSaver

I'm looking forward to way less crowded lounges.

MedSaver

My LTD pays max benefit if certain conditions occur like paralysis, loss of: 2 feet, one hand, eyesight, hearing, etc. Even if I can still do some or all of my job. In your situation I would keep it.

MedSaver

This got me thinking..... I also have an umbrella through GEICO. If they are bad at covering car repairs, shouldn't they follow the same process with umbrella and property insurance? I may need to reconsider our frugality. :annoyed In the setting of umbrella coming into play presumably the insured ...

MedSaver

My wife was in a very similar situation having been rear ended by a driver with no name insurance and us having Geico. Geico was literally useless. Eventually it worked out but California has strict consumer laws regarding insurance so that may have helped.

MedSaver

I'm confused. The max payout is 5 years? That seems like an expensive premium for such a limited time. You say you can self insure for 5 years but if the benefit only pays for 5 years you'll need to self insure from 5 years to death or medicare which could be a much longer time than 5 years.

MedSaver

Our small physicians group has a profit sharing plan that is fully funded every year. The plans are self-directed and I was told to setup a plan as I now qualify for profit sharing. I was sent the SPD and that is it. I have Schwab and Vanguard accounts and would prefer to use them, if possible, but ...

MedSaver

gasdoc wrote: ↑
Sun Sep 17, 2017 4:43 pm
Do plaintiff attorneys know how much of an umbrella you have in a malpractice case?

gasdoc

I'm pretty sure umbrella excludes professional liability like malpractice, so it doesn't matter what your umbrella limit is.

MedSaver

I can only speak about the car insurance part. Had State Farm for decades. Finally decided it was time to look around. Geico gave me a price significantly lower and that was for better coverage. So I let my State Farm agent see the Geico quote and she said they were unable to match or beat it. So I...

MedSaver

Yeah I think max coverage is around 60%. Whether or not your benefits are taxed depends on if you are paying the premiums pre or post tax.

MedSaver

Thanks for the continued responses. We filed a police report (online) and got a repair estimate. The estimate is for $1400 but this was just eyeballing it. Who knows if it will be more. I suspect it is more like $2000. I guess the question now is should we just repair it out of pocket so we can stop...

MedSaver

Thanks for your help guys. We literally cannot get hold of this other company. We call, email, write and have never received a response. Calls are immediately sent to voicemail. The initial claim report from them started with, "We have attempted to contact you multiple times without success. Please ...

MedSaver

Thanks for the replies. We will file a police report and take the car into a shop to get an estimate. We do not have collision (just dropped it - d'oh!). The car rental is only about $25/day so we can swing that for a few weeks, but we just are getting concerned about the amount of time that is elap...

MedSaver

My wife got rear ended about 3 weeks ago. The accident was immediately reported to both insurance companies. The car still runs, but the rear end is pretty messed up and we aren't sure that parts won't start to fall off so we have been renting a car at our expense. It is currently awaiting repair at...

MedSaver

My wife and I love the area we're in and we're going to be here at least six more years maybe more due to her medical school/residency situation. Rent. I've been through the entire medical training process. You have no idea where you'll be after medical school wraps up. It's not worth buying a hous...

MedSaver

"One thing you might do is work the extra hours until you have the extra $100K saved up and then decide what to do. There would be a huge difference in your situation if you have the money set aside in a separate account to pay it off at any time if you wanted to and you were asking if you should pa...

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