I am a certified registered nurse anesthetist employed at an academic medical center in a major metropolitan city. I also work in numerous private practice settings. In 2014, I graduated from a nurse anesthesia program with over $130K in student loan debt. I don’t have any credit card debt. I rent. I’m a classic HENRY: high earner, … More Welcome

Understanding Self-Employment Taxes

Whether you work as a sole proprietor, single-member LLC, or S-Corp, you will be subject to paying self-employment taxes. Self-employment taxes consist of a 12.4% Social Security tax on income up to an annual income ceiling ($128,400 for 2018) and a 2.9% Medicare tax not subject to any ceiling. All said and done, you’re responsible … More Understanding Self-Employment Taxes

S-Corp vs. Sole Proprietorship

For those who are considering entering private practice either as a full time, part time, or moonlighting basis, one often hears about the benefits of incorporating one’s business. But what exactly does that mean? Obviously, incorporating one’s business affords an individual some form liability protection in the event of a litigation claim. However, what are … More S-Corp vs. Sole Proprietorship

Malpractice Insurance Part 3 – Types of Insurance Companies

One thing I’ve noticed CRNAs overlook, particularly ones that are hospital based and are only looking to moonlight, is that they don’t know the difference between admitted insurance companies and non-admitted insurance companies (e.g., risk retention groups). Then again, neither do I, but I’m going to try my damnedest to explain it in simple terms. … More Malpractice Insurance Part 3 – Types of Insurance Companies

Malpractice Insurance Part 2 – Limits of Liability

When reviewing a malpractice insurance policy, you’ll generally see something that looks like this Malpractice insurance carries two types of limits: occurrence and aggregate. An occurrence limit specifies the maximum amount an insurance carrier will cover a single claim while an aggregate limit specifies the total amount the carrier will pay out over the entirety … More Malpractice Insurance Part 2 – Limits of Liability

Malpractice Insurance Part 1 – Types of Insurance

Let me preface that the information shared on this site and especially on this topic should not be construed as the definitive authority on understanding the intricacies and nuances of malpractice insurance. For any nurse anesthetist who actually wants to get into the granularity of malpractice insurance, I’m going to have to refer you to … More Malpractice Insurance Part 1 – Types of Insurance