Public:
$263,488
Private:
$357,868
You've invested a great amount to get where you are.
The median 4-year cost of attendance for the class of 20221: $263,488 (public school) and $357,868 (private school)
The median education debt for indebted medical school graduates
In 2019 was $200,000, and 73% of graduates reported having education debt.
You have a lot of earning power on the line.
In 2021, doctors earned between $221,000 and $526,000 annually.
You’ll probably be working a lot of extra hours.
A new AAMC study projects a shortfall of up to 139,000 physicians by 2033.
Disability occurs frequently. You see it firsthand.
Just 1 in 4 of today’s 20 year olds will become disabled before they retire.
Approximately 90% of disabilities are caused by illness rather than accidents.
Many doctors are underinsured when it comes to income protection.
- Limits should be adjusted for incomes that increase over time.
- Private practices should be protected by business overhead expense insurance, key person insurance or other smart tools.
- Staff members could benefit from voluntary or multi-life income protection products.
- Coverage may be lacking correct features to maximize your protection.
- You may be overpaying. Prices may have gone down or lower rates may be available through a multi-life option.
- A new AAMC study projects a shortfall of up to 139,000 physicians by 2033 (aamc.org)
- Social Security Administration: Benefits Planner: Disability
- Council for Disability Awareness, Long-Term Disability Claims Review, 2011
