MD & DO co'21 Residency Panic thread
Started by kraskadva
So you are still at ~42K gap? Good luck. Lets us know how it goes. This market sucks.
Yup. 41.5. Sucks indeed. We have the money.....we own the house we're in outright and are selling it for 115K. We'd just like to pay as little of the gap as possible and have that money work for use elsewhere at a higher interest rate.
Advertisement - Members don't see this ad
How much do you love the house? Are you considering back out or can you? That is a lot of money to cover. Idk about your area but it seems like few areas are cooling down.
I doubt we'll back out. Not really much time to find a new place and close in time before orientation starts. And the market is still crazy there with even less inventory than when we looked last month.
😱 you must be in a very hot area. My area definitely is slowing down which makes me feel like I should have waited. I over paid my house by 5.7% too. Good luck. Hope it will work out.
Thanks man. You too.
We just paid a gap of 25k for ours so we totally understand. Our appraisal gap was included in our offer though. Our here without stating an appraisal gap in the offer you don’t stand a chance. It is actually the only way we beat out 27 other offers was we had the highest appraisal gap but we love the house and it was in the area we wanted for our kids. This market is NUTS
Yup, we graduated in a worst time to start the next chapter: residency and house purchase.
Well, officially our Match slipped further down their rank lists than before. A big decrease in the percent matching #1, and increase in the percent matching 5+. This despite any effect of increased home program matching due to virtual interviews and loss of auditions.
Advertisement - Members don't see this ad
What are the percentages from previous years?
Look carefully because the 2021 graphic has MD and DO side by side, and the 2020 graphic has MD side by side with independent applicants, and then DO side by side with independent applicants.
Yeah seems like all around worse stats this year by a couple percentage points. Hard to say what that’s due to but it’s possible the corona craziness played a role. Or maybe just relatively more applicants.
Definitely due to corona. The relative number of applicants increased this year at the same magnitude that it has always increased. Whereas the relative drop in % who match first, second, third, etc dropped by far more than the previous trend.
PDs that advocate for the virtual interview format to remain do so out of pure laziness and greed.
And all the students who want it to stay virtual?
Depend on your situation: If you don't have a lot of stuff, you can tow your car by packing your stuff in the cars and flight over. If you have a lot of stuff, then drive over. Can you drive long distances? Anyone, to help you? When you have to be there etc.
Definitely depends on a bunch of things. Frenchyn hit a few, but also - is it a good match for the weather where you’re going, is it in good shape, and is it paid off? I would definitely keep a paid off car that is in good condition - unless it was a sports car and I was going somewhere with snow, or some circumstance like that.
No reason to get a car payment in residency if you don’t have to.
Thanks. I hope to match in California next year, but I have to apply broadly as a DO student. I definitely want to keep the car if I have to move across the state.
Advertisement - Members don't see this ad
Do y’all want me to change the thread name to c/o 2021 Residency Panic?
If you do, can you pls change the other residency panic thread to c/o 2020 Residency Panic?
Yeah if they want me to change this one I’ll change that one too.
Sounds good to me!
I’m starting on ICU
Starting on CT surg for me. Which mean CTICU basically, definitely kind of nervous.
It's just heart surgery not brain surgery geez 🤣
Best time to be on icu
Advertisement - Members don't see this ad
Milrinone, lasix, amio. D/c chest tube, d/c pacing wires, d/c swan. Rinse and repeat.
1st month is in the ED....a bootcamp and lots of intro stuff and some team building exercises. 2nd month is ortho.
Any non-surgical interns here opting not to get disability insurance their first year? I'm a single guy, no kids about to start IM. was pitched about disability insurance but decided to hold off this first year until I get everything else set up. Reconsider for pgy2. Am I crazy? I feel like people talk about disability insurance like it's mandatory.
I saw the “New Housestaff Orientation”. They had balloons and goody bags. Balloons, y'all?! That's how you know they care!
I just have the basic whatever the residency supplies.
It's however much risk tolerance you want to have. You could get a "smaller" policy just for peace of mind. Not sure if your program offers multiple options though.
I got it. As an IM resident my monthly premiums are pretty low and the companies don't require a physical or labs if you're a resident. This is theoretically the healthiest I'll ever be so I opted for it.
Ditto. For us they only don't require health questionnaire/ check if you sign up for life/ disability insurance when you initially choose your benefits. I've been told as a pregnant person no one in their right mind would sell me either a life insurance or disability insurance policy if I had to disclose my current health state. So for me, better to just sign up for them initially in case, God forbid, things go sideways with the delivery and my spouse ends up being the only breadwinner and dealing with the fallout from a much too high US maternal mortality rate.
Decided to look up this thread and say good luck to my ERAS panic fam. Looks like they renamed the thread and that freaking rocks. I CAN NOT BELIEVE I MATCHED INTO SURGERY. It’s gonna be a HELL of a ride.
Advertisement - Members don't see this ad
Did you guys get DI separate from what your residency provides in their benefits packages? We have orientation next week and that's when we pick our benefit packages and they offer short term disability that I plan to get through the program. I was initially asking about separate insurance from a private seller/insurance place. I don't plan to get life insurance as I'm not married and have zero kids. It's the disability insurance I'm thinking about. But I think I'm going to hold off until after intern year and maybe get a separate policy. I've heard the disability insurance that residencies provide are notoriously not great. But I'll find out next week
Yes I got separate DI from one of the big 6. I would get it now, it'll only get more expensive as you age. Check out the page on white coat investor about disability insurance.
Was initially gonna do x2 disability insurances, as a person with risk-prone hobbies in a surgical residency. But my additional DI (not through my hospital) required all paperwork by hand and only took payment in checks so as a person that lives on auto-payment and doesnt own a printer I decided on sticking with just the one offered by my hospital
Bruh... No. Bad.
You guys made me look into physician occupational disability insurance. Picked someone from white coat investor and scheduled online appointment. I’ll see what the rates and coverages actually are. But if doesn’t seem worth it I won’t bother.
lolwut. Please get real DI. All of my quotes were electronic and my monthly premiums are just taken from my checking account electronically.
You must be dealing with an 'old school' agent/agency because every disability carrier (the big 6) all do electronic apps and electronic payments, in fact some carriers are getting ready to add a discount to the premiums for clients that will do e-app and e-delivery. That discount is being instituted to help push agents to do things electronically vs. paper and check, the carriers do not want the paper for multiple reasons.
Your rates, if you are typical of resident age and not in CA, should be about $18-$25 per month per $1,000 of monthly benefit unless you get a graded contract then it might be $14-$18 per month per $1,000 of monthly benefit.
Advertisement - Members don't see this ad
