White Coat Investor Podcast WCI #409: Tail Coverage, Whole Life, and Other Insurance Questions
Mar 6, 2025
Dive into the complex world of insurance, where tail coverage, whole life, and the pitfalls of annuities are dissected. A physician shares insights from their journey into the insurance sector. Learn about the strategic benefits of specialized tax advisors and how they can maximize your returns. Explore the nuances of property taxes and home insurance in the mortgage landscape. The discussion stresses the need for critical evaluation of financial products and the importance of seeking independent financial advice.
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Evidence-Based Insurance Decisions
- Health plan coverage decisions rely heavily on evidence-based clinical guidelines like MCG and peer-reviewed expert panels.
- This scientific basis debunks the myth that denial is arbitrary or solely financially motivated.
Insurance Profit Margins are Limited
- Health plans must spend about 85% of their revenue on medical care due to ACA regulations.
- This limits profit margins, dispelling myths of huge insurer profits, especially at smaller health plans.
Negotiate Your Malpractice Tail Coverage
- Always verify whether your malpractice policy is "claims made" or "occurrence" type before leaving a job.
- Negotiate tail coverage responsibility and consider nose coverage from your new employer to avoid costly out-of-pocket tail premiums.