The Mary Washington Physicians’ Advantage Plan™
The Physicians’ Advantage Plan™ is a type of benefit program that maximizes the value of on-call compensation and other eligible income by providing a way for physicians to defer current income taxes and invest on a pre-tax basis without reducing the opportunity to fully participate in qualified plans such as 401(k) and pension plans.
Like most people in higher marginal tax brackets, many physicians are interested in sheltering current income from state and federal taxes beyond the limits and restrictions of 401(k) and pension plans. However, private practices typically are structured as S Corporations, LLC’s or Partnerships, which are flow-through type tax entities. In such entities, practice income is taxable at the physician’s individual tax-rate. Therefore, executive benefit plans are not traditionally suited for private practice groups. With the Physicians’ Advantage Plan™, your hospital is taking the initiative to change tradition.
To schedule an individual information and enrollment meeting, please complete the form below. If you need assistance, or have additional questions please contact us by email or phone
To request a group or practice meeting, please call us at the number below.
We look forward to meeting with you soon.
MaxWorth Consulting Group, LLC