16 End-of-Year Financial Checklist For Optometrists in 2023

As 2023 draws to a close, it’s vital for optometrists to focus on financial planning for a stable and prosperous future. This checklist, designed for eye care professionals, will guide you through key year-end financial tasks. While not every item may apply to your practice or personal finances, reviewing each one ensures you don’t miss important opportunities or obligations.

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State of ODs on Finance: 2022 in Review, and a Look at 2023!

It’s hard to believe, but the year 2022 has vanished in the blink of an eye. This past year, we’ve had the pleasure of seeing ODs on Finance continue to grow and help ODs on their financial journey, whether they be new grads or seasoned veterans. We are thankful for your attention, your questions and your contributions. Two tenets that hold paramount value to us at ODs on Finance are transparency and productive growth. In this letter, we will highlight how our community has grown, the various methods we provide value to our community, exciting new projects/acquisitions for 2023, and a look at our commercial interests/disclosures – trust us, you’ll want to read this! Here is a quick recap of 2022!

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Health Insurance Basic 101 That Every Optometrist Should Know

Whether you are a New O.D or Seasoned O.D ….healthcare is changing every year. Working in the medical field, I thought I understood how health insurance worked, until I ended up in the emergency room for two hours earlier this year. We will teach how to understand 6 key terms and how they apply to your health insurance (Premium, Deductible, Co-insurance/Co-pays, Maximum out of pocket, Benefit caps & understand network options (HMO, EPO, POS, PPO).

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The Optometrist’s Guide For Health Insurance

Mortgages, car payments, loans – what do these have in common?  Well they are all high cost bills on your plate. There are options so your health insurance doesn’t have to be another one.  When it comes to health insurance, it’s much better to have it and not need it, than need it and not have it. Here are some great tips on how an optometrist can shop around for health insurance

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Ask the CFPs-Part 3 – Insurance & Asset Protection (FB Live)

When it comes to interesting and engaging financial topics, insurance and asset protection often rank near the bottom.  Despite their relative banality, insurance and asset protection are vital in ensuring financial success by providing a security blanket for uncertainty.  In this edition of Ask the CFPs, we will learn the ins and outs of various…

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The Optometrist’s Guide to Life Insurance

Life insurance is a situation that no one wants to address or even think about due to its morbid nature.  For the mass majority of doctors with family or people who depend on their income, it is wise to consider what financial consequences their death can have on the people they leave behind. 2 Reasons…

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My Office is Closed; I am Out of Work, What Do I Do?

[Disclaimer] This article was written to the best of our knowledge with the latest news released from the Federal government. Some information may change/modify so we will keep the information updated to the best of our ability On March 17, 2020, the CDC and subsequently the AOA has urged all non-essential eye care providers to…

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How does the “Families First Coronavirus Response Act” affect me?

In the past week, small businesses across America are feeling the financial impact from coronavirus restrictions that placed millions of people at home – avoiding non-essential activities, even visits to their eye doctors. As optometrists, we are in one of the highest risk categories for transmission and contraction of the virus. We are also responsible…

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