Independant Anesthesiologists & Insurance

[CremeSickle]

Advertisement - Members don't see this ad

For those working on your own as 1099 contractors what is your average yearly liability insurance?

- Is it increased when working in an ACT practice?
- Is it increased when a 1099 employee?
- Is it different from one state to the next?

any other advice would be appreciated. Ill be looking into it soon.

 

[Lizard1]

i can only speak about one company - Medpro

don't know what an ACT practice is but
they didn't care if i was W-2 or 1099
and it does vary state to state, even varies within a state (TX)

 

[sallyjoe]

I do not know what an ACT practice is?

Some insurance companies will not pay you if you get 1099 income. I was working for a hospital that wanted to pay me like a locums but provided their own insurance and the insurance company refused to cover me unless I was receiving W-2 income.

The main problem with getting insurance this way is the tail cost. If you leave that facility the insurance company will often not cover anywhere else or they will cancel your policy as of the date you leave the facility and give you 30 days to buy a tail. If you don’t buy the tail you will have difficulty getting hospital privileges at subsequent locations and difficulty buying insurance. The tail will cost two and a half to three years of premiums.

 

[CremeSickle]

Oh sorry

ACT = Anesthesia Care Team (CRNA supervision)

If find that interesting that TX has different insurance rates within the state, seems very odd.

 

[sallyjoe]

Oh sorry
If find that interesting that TX has different insurance rates within the state, seems very odd.

I have talked to a number of Doctors in Texas and many express that they will not practice in the "Valley," I.E. The Rio Grand valley or within 50 to 100 miles of the southern border. The payer mix down there is very bad, almost no private insurance, 50% no pay, and the rest Medicaid and Medicare. The Valley is a judicial cesspools. Patients down there sue twice as often as the rest of Texas and juries down their have never seen a Plaintiff they don't like.

 

[sallyjoe]

...

 

[CremeSickle]

WOW


Thats good to know SJ, thanks!