March 2012

Healthcare Worker Fatigue and Patient Safety

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March 28th, 2012

The Joint Commission (not-for-profit organization that accredits health care organizations) recently published a Sentinel Event Alert discussing healthcare worker fatigue and patient safety.  We can all think about a personal experience where fatigue has impacted one or more of our performance behaviors resulting from insufficient quality or inadequate sleep.  Research clearly documents mental overexertion can lead» Read Full Article

Fictitious Letters From Julie Weynel, Senior Procurement Officer – DOT

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March 27th, 2012

There has been another round of fraudulent letters issued to U.S. Department of Transportation (DOT) contractors and potential contractors purporting to be issued by DOT.  This new string of letters appears to be from the “U.S. Department of Transportation Procurement Office” and signed by a fictitious name of “Julie Weynel – Senior Procurement Officer.” The letters» Read Full Article

Tax Liability of Disability Benefits

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March 19th, 2012

The tax liability of disability benefits is determined by who is making the payments. If you are a professional and your firm pays the premium for the disability policy, the tax liability is much different than if you were paying the premium yourself. Learn more about the tax ramifications of paying disability premiums in this» Read Full Article

The Most Overlooked Aspect of Disability Policy

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March 19th, 2012

One of the most important aspects of a disability policy most often gets overlooked. It’s your retirement contributions. Sure you make them when you are working, receiving a full income. But what happens to the contributions if you were to become disabled? There is protection for this as I explain in this short video….. Wisconsin» Read Full Article

As Your Career Changes, So Should How You Protect Your Earnings

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March 19th, 2012

Professionals should review their disability insurance needs as their career changes. If you’ve enacted a disability policy early in your career, it is wise to re-visit the amount of your policy if your income level has changed. If you’re a doctor – it may have been early on in your practice. If you’re an attorney,» Read Full Article

1980s = 300+ Disability Carriers, Today = Less than 35!

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March 17th, 2012

When I started in the disability insurance industry in the 1980′s, there were more than 300 disability insurance carriers.  Today there are less than 35! This emphasizes the importance of the Quality of Carrier when choosing a disability insurance product. Additionally, the definition of “Own Occupation” within your policy will protect what you do specifically» Read Full Article

Four Overlooked Aspects of a Disability Insurance Policy

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March 17th, 2012

There are four key elements that are most often overlooked when it comes to putting together a disability insurance product for physicians and professionals. Mental and Nervous Disorders: what are the proper definitions the carrier should use Residual/Partial Benefits: If you were only restricted to work 1/2 days. you should get 1/2 day of benefits» Read Full Article

Group vs. Individual Disability Insurance

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March 17th, 2012

Group disability insurance is most often less expensive – but beware, the benefits are almost always less as well. If you rely solely on the group disability plan, you may be underinsured. As I explain in this quick video, there is significance to being able to receive both the policy’s benefits and also social security disability benefits.» Read Full Article

The Role “Own Occupation” Plays in Disability Insurance for Physicians

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March 17th, 2012

The term “Own Occupation” is extremely important for physicians who have a main bread-winning aspect of their profession. The example that I give in this short video is of an Orthopedic Surgeon. Not being able to perform surgery will significantly reduce income for this professional. Learn more in my short video… Physicians and professionals wanting more information about R&R» Read Full Article

MOD Verification Process Finds Errors in Releases

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March 17th, 2012

Clients often ask if they should be concerned when their MOD is released from the bureau. Very often we find mistakes in the released MOD and can save clients thousands of dollars by verifying their MOD. Nancy McMurry, Resource Center Director, explains some of the things we look for in this verification process… Wisconsin businesses interested in» Read Full Article