Tail coverage?

[sunlioness]

---

Members don't see this ad.

This may be an unanswerable question without specifics, but does anyone have a general sense of how much tail coverage runs? Even a ballpark range would be helpful.

I have just been informed that if I don't stay at my current position until my initial contract expires in the fall, they won't pay for it. I can't really fault them for that, but it is a wrench. I asked them how much it would be and they're looking into it. But I kind of want to have my own idea too. I'm guessing around $10K? I seem to recall it was $9K when I closed down my solo practice, but that was several years back.


Sent from my iPad using Tapatalk

 

[MacDonaldTriad]

 

[sunlioness]

You know, all my hospital gowns covered my tail before. This was an unexpected wrinkle. And now my butt is cold. And I have to figure it out or no one will ever give me a gown again.

I'm trying to go back to my old job.

And then I'm never leaving it again. Well, unless I do win the PowerBall or something.

You really can't go home again. And the grass is never any greener.


Sent from my iPad using Tapatalk

 

[MacDonaldTriad]

I know a psychiatrist who grew up in Honolulu and trained on the mainland. His entire training he talked about going back to the island and surfing in the sun. He graduated, landed a nice job on Oahu, and proceeded to get island fever and lasted only 6 months. Sometimes paradise for teenagers doesn’t hold up for adults. Have you seen the price of a Disney World season pass?

 

[sunlioness]

See? That makes sense. But I didn't care for living here when I was in high school. I thought I was just a disaffected teen, but no. I just really kinda don't like it here. And my mom told me recently that she wants to move to NC.

So growth experience. Very, very expensive growth experience. This thing right here might trap me until the fall. But I hope not.


Sent from my iPad using Tapatalk

 

[doctorpilgrim]

Tail coverage can be 2 times the annual premium for mature practice. In your case it should be much less if you have worked less time. My advice would be to call APA to find what their insurance agency charges. It is tax deductible and your future employer may be able to pay for it in signing bonus. Good luck.

 

[Doctor Bagel]

Can't you also sometimes pick up a new policy with retroactive coverage that is sometimes cheaper? I'm curious about this too because I stupidly did not insist they change my contract to cover 100% of my tail regardless of when I leave. Not planning on leaving before my job ends but things happen.

 

[sunlioness]

I'm going to ask about nose coverage. I'm not expecting the once and future employer to pick it up, but I hear it's cheaper. Maybe I could pay them for it.

And yes, I was stupid. This was something it didn't even occur to me to look into or ask about. And though I read my contract, I must not have read it thoroughly enough.



Sent from my iPad using Tapatalk

 

[keifernny2]

I wonder if, rather than just going back, it might be worthwhile for you to look at / interview at other places too?

I've noticed that all the psychiatrists I've seen that are happy with their practice tend to have multiple jobs and multiple income streams.

They'll have a "main job," and a "fun job."

This in itself may give a sense of freedom. (you know that you can always quit one job and still have income coming in).

 

[nancysinatra]

See? That makes sense. But I didn't care for living here when I was in high school. I thought I was just a disaffected teen, but no. I just really kinda don't like it here. And my mom told me recently that she wants to move to NC.

So growth experience. Very, very expensive growth experience. This thing right here might trap me until the fall. But I hope not.


Sent from my iPad using Tapatalk

I hear you. I personally hail from a podunk town somewhere in the midwest, and after I'd moved around the country about three times and lived overseas for awhile, finished med school in one city and residency in another, I decided I'd move back to my home state because, after all that education, I felt I must have been wrong to hate the place back in junior high. (Also they offered good student loan repayment deals.) I figured my home state could not possibly be worse than the place I did residency! So, I got all these job interviews lined up. One of the interviews was in my actual home town. My parents have long since moved away and I couldn't fathom staying in a motel in my own hometown, so I stayed with my 90-year old grandma the night before my interview. I literally put on my interview suit in my uncle's old bedroom. Then I went to the interview, at a clinic in town. And I'm sitting there, talking to some manager/psychologist guy about how flexible the outpatient hours are, how they have no call, etc. - and I look out the window - and it's overlooking my junior high school field. It looked identical to when I last saw it. Right then and there I knew, no way.