FULL RETIREMENT
The final option is to completely retire from practicing medicine and surrender your license or let your license expire after the renewal deadline . You will want to make sure that you properly notify your patients and employees , determine the best way to disperse your medical and office equipment , and make arrangements to store or transfer custody of medical records .
AMS also asks that you let us know if you have fully retired or plan to fully retire in 2023 . If you have been a concurrent
member of the Society ( meaning no lapse in membership ), are less than 70 years old , and are fully retired , you may be eligible for Emeritus status , meaning your AMS membership would automatically renew each year without dues . If you are 70 or older , have practiced 45 years , and are a concurrent member ( no lapse in membership ), you may be eligible for the Life membership , which is also automatically renewed each year without dues .
It takes an enormous amount of time , energy , and money to become a doctor , so the decision to retire can be an extremely difficult one to make . While this article contains a simplified list for physicians to consider , you don ’ t have to make this decision alone . Contact AMS for additional resources on the process of closing a practice or let us put you in touch with experts that can assist you in making this very important decision in 2023 . ■
you don ’ t have to make this decision alone , Contact AMS for additional resources .
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WINTER 2023 | VOLUME 119 | NUMBER 3 83