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Politics : Arnold for Governor!
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To: 10K a day who wrote (568)10/10/2003 12:12:58 PM
From: richardred  Read Replies (1) of 773
 
Good post- IMO- many citizens don't take into account the cost of doing business. IMO- Being a doctor is more than just treating patients, but running a business to. In my area. Those who don't want to bear the later burden are being recruited to work for a practice in a hospital group.

Apart from sole proprietorships, partnerships and sub chapter S corps. Those who do work for companies (like myself)are being forced to bear some of the burden, retirees also. We are also offered choices in medical plans. For those with low doctor visits -higher co-pays, but lower weekly medical deductions. For the opposite, higher weekly deductions, but lower co-pays. Both have similar emergency care. Prescription service is also factored in different plans.

Our company (235 employees)eliminated it's pension plan many years ago. Personal monies involved were doled out to be rolled over into another qualified plan. We now have our 401-K and profit sharing as our nest egg at work. Of course individuals can still contribute to and IRA within IRS guidelines. In my case. The company matches our contributions with 35 cents on the dollar up to 6% our gross pay. Gov't threshold limits for those making big dollars. It's also will make a profit sharing contribution to a profit sharing plan if targets are meet.

Just within the last two years. We now have gain sharing. When the company reaches over its reasonable return (8 % in our case) (industrial)we share some upside on a sliding scale up to 11%. A check is cut for all individuals every three months(equals amount)if profit warrants it. I don't know if this a trend, but it does offer an incentive.
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