History Repeats Itself: Medical Liability Insurance Premiums on the Rise

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History Repeats Itself: Medical Liability Insurance Premiums on the Rise

Physicians in Wisconsin will soon be paying more for medical professional liability (MPL) insurance thanks to a cyclical “hardening” of the market. Many younger physicians have never experienced a hard market because we have been in a “soft” market for an unprecedented length of time. The last time premiums increased was in 2001. And, prior to that, 1975 and 1986. Read more.

Want more value from your 2020 medical benefit spend? Think ahead. Act soon. 
We see it every year— there is always a time crunch when quoting medical benefits mostly because the insurance companies do not make rates available to groups and agents until they absolutely need to. I believe insurance companies offer limited information on rates because it makes it difficult for clients to switch providers. Read more.
Chris Noffke is well versed in the insurance industry and makes it his mission to find the best solutions for his clients. He helps groups all over Wisconsin with their group benefits. On September 25, he will be hosting an informative and educational webinar about 2020 renewals for group benefits. Register here.
HR360 is one of the many complimentary capabilities we deliver our employee benefits clients. Employees are critical to your success, but managing them takes effort and expertise. HR360 simplifies the process, prevents potential employee lawsuits, and saves time so you can focus on growing your business
Questions? Email Chris Noffke or call him at 608.442.3734
Can an Employer Choose not to allow mid-year changes to employees’ HSA contributions elections?

Read more.

 

Join your colleagues at the Fall Well-being & Empowerment Forum—an important event designed to energize collaborative efforts to advance proven solutions for increasing clinician empowerment, retention and satisfaction. Designed for the entire health care team – be a part of this critical conversation!

 
Get Into The Conversation!

Explore our new knowledge bank of financial decisions all physicians face from med school through to retirement and beyond. Get started today by asking for help with a pending decision or commenting on one already posted.

Here’s one you may wish to weigh in on
“I just received a $50K signing bonus; it’s more money than I’ve ever had and I don’t have a clue what to do with it? I will be making $250K a year and my wife and I would like to buy a home to raise a family in. But, I have a whopping $400,000 in student loan debt. Who do I turn to for advice? Help!”
The Antidote is a bi-monthly newsletter from your Financial Partner for Life. Each edition will keep you up to date on the latest industry trends and products and services that will help reduce your financial stress. 

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