White Coat Investor Podcast
WCI #313: The Proposed Ban on Non-Compete Contracts and Whether It's Fair
May 4, 2023
Don Wenner, CEO of DLP Capital, shares expertise in commercial real estate and investing. He dives into the controversial topic of non-compete contracts in medicine, discussing their implications on doctors and patient care. The conversation also covers investment strategies amid rising interest rates, including the pros and cons of annuities. Wenner addresses challenges faced with financial advisors and highlights the importance of diversification. His insights aim to empower professionals in navigating their financial futures.
42:49
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Quick takeaways
- Medical reimbursement plans can significantly reduce out-of-pocket costs by allowing pre-tax reimbursements for qualified expenses, emphasizing careful fee assessment.
- The proposed ban on non-compete contracts highlights the need for a balanced approach that considers both employee mobility and employer investment protection within the medical field.
Deep dives
Understanding Medical Reimbursement Plans
Medical reimbursement plans, particularly health reimbursement arrangements (HRAs), can allow medical professionals to reimburse themselves for qualified expenses with pre-tax dollars. They must be used alongside health insurance and can effectively lower deductibles for high-deductible health plans. For instance, an HRA may cover a significant portion of the deductible, reducing direct out-of-pocket costs for the employee. However, it is essential to assess the fees associated with implementing such a plan to ensure it remains beneficial.
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