By Tammy Clarke, CPA President Obamaâs Patient Protection and Affordable Care Act proposes a new and unprecedented Medicare tax that will directly affect many physicians. The tax, which goes into effect on January 1, 2013, is made up of two parts: an additional .9% surtax on earned income in excess of $250,000 for married couples
By Matt Gracey and Dan Reale Many physicians are not aware of the importance and relatively low cost of purchasing separate-entity coverage for their practice. AÂ separate-entity layer of coverage can protect the physician from a recorded loss if the claim can be settled under separate-entity coverage. This is a real advantage if the physician
By Matt Gracey of Danna-Gracey This quote relates well to the present state of the medical-malpractice-insurance market. We are in a very âsoftâ market, meaning the premiums are low because the frequency of claims against doctors is at a historically low level in most areas. This in turn has created more competition, looser underwriting practices,
By Jeff Grady In these tough economic times, insurance consumers are searching for ways to reduce costs and save money. Itâs no different for physicians, many of whom may be looking to shop their professional liability insurance. When consumers shop around, carriers must compete for their business; thatâs good for consumers. That advantage may be
By Bill Gompers  RACaphobia is defined as an intense and persistent fear of an RAC Audit. As we have all become aware, RAC is an acronym that stands for Recovery Audit Contractor. These contractors are charged with the responsibility of implementing the Centers for Medicare & Medicaid Servicesâ (CMS) program to mitigate overpayments to providers.Â