MDA Journal Endorsed Programs News

Ransomware Strikes Michigan Dentists: Why Cyber Insurance Matters Now More Than Ever

In August, several Michigan dental practices were hit by ransomware attacks, locking providers out of their patient files and disrupting care. Hackers demanded payment to restore access, leaving dentists with a stark reminder: in today’s digital world, cyber threats are no longer hypothetical — they’re inevitable.

These incidents highlight why cyber liability insurance is essential. MDA Insurance, in partnership with Coalition, offers members Active Insurance — a comprehensive solution that not only covers the financial impact of ransomware and data breaches but also provides proactive monitoring, 24/7 claims support, forensic assistance, and breach response services. With average ransomware losses topping nearly $300,000 per incident, having cyber insurance could mean the difference between a swift recovery and devastating financial loss. It’s important to have coverage in place before an issue occurs. Obtaining a policy after you’ve experienced a cyber incident can be challenging and is not guaranteed.

But insurance alone isn’t enough. Proactive safeguards are critical. That’s where MDA-endorsed IT provider Complete Dental IT plays a vital role. Complete Dental IT’s focus on technology implementation can help stop hackers and viruses before they access your systems by connecting software and systems flawlessly and securely backing up patient records, and can deliver fast support in a technology crisis. Partnering with trusted vendors ensures your practice has the layered defenses needed to reduce risk and recover faster if an attack occurs.

Next steps for Michigan dentists:

• Protect your practice with cyber insurance. Contact MDA Insurance Account Executive Melanie Adler at 800-860-2272, ext. 464, email , or click here for more information.
• Ensure that your technology is implemented properly with Complete Dental IT. Learn more at completedentalit.com or call 866-498-0173.

Cyber threats are not going away — but with the right insurance and IT partners, you can face them with confidence.

Financing that Understands Dentistry

When you need financing for your dental practice, you want to work with someone who understands your industry. MDA-endorsed Bank of America Practice Solutions has helped dentists across the nation reach their goals through smart financial solutions¹ and expert guidance. Whether you own a practice or are just getting started, they can provide customized financial help for your short-term needs and long-term aspirations. Visit bankofamerica.com/practicesolutions, or call 800-497-6076.

¹All programs are subject to credit approval and loan amounts are subject to credit worthiness. Some restrictions may apply. Bank of America is a registered trademark of Bank of America Corporation. Bank of America Practice Solutions is a division of Bank of America, N.A. ©2019 Bank of America Corporation | MAP#6455169

Confused About Medicare? MDA Insurance Can Help You Every Step of the Way

Navigating Medicare can feel overwhelming, but MDA Insurance is here to make the process clear and manageable. Through our Medicare Advisory Service, members, their spouses, and employees gain access to personalized guidance that helps them avoid costly mistakes and choose coverage with confidence.

One of the most valuable resources available is scheduling a one-on-one appointment with Steve Fulger, MDA’s trusted Medicare account executive. These sessions are available by phone, Zoom, or in person, giving you flexibility and peace of mind.

In addition, MDA Insurance offers free Medicare Educational Seminars designed to simplify the complexities of Medicare and help you plan ahead. Upcoming webinar dates for 2026 include:

• Friday, Jan. 23, 1–3 p.m. (Zoom)
• Friday, March 6, 9:30–11:30 a.m. (Zoom)
• Thursday, April 30, 2:30–4:30 p.m. (LIVE at Annual Session)
• Friday, June 26, 1–3 p.m. (Zoom)
• Friday, Aug. 14, 9:30–11:30 a.m. (Zoom)

Don’t face Medicare alone. Contact Ben Szilagyi to register for a free webinar or set up your personal appointment with Steve. Call 877-906-9924, ext. 463.

Why Dentists Need a Financial Adviser Under the New Tax Law

The recently signed “One Big Beautiful Bill” carries sweeping changes that will significantly impact dentists’ finances. While some provisions create opportunities — like permanent 2017 tax cuts, the Qualified Business Income Deduction, and restored 100% bonus depreciation — others bring complexity that can be difficult to navigate alone.

For example, the new $40,000 SALT deduction cap may benefit many practices, but high earners face phased-out relief. Retired dentists gain a temporary $6,000 “Senior Bonus Deduction,” yet income thresholds limit its usefulness. Estate tax exemptions will climb to $15 million in 2026, creating both planning opportunities and pitfalls.

Perhaps most critical, student loan changes will reshape dental education financing. Beginning in 2026, loans are capped at $50,000 annually ($200,000 lifetime). The new Repayment Assistance Plan forgives debt after 30 years and waives unpaid interest but replaces the SAVE program.

Because of these shifting rules, dentists risk missing deductions, mismanaging loan strategies, or overlooking estate planning benefits. A knowledgeable financial adviser can help align practice investments, retirement planning, and student loan management with the new law — ensuring dentists maximize opportunities while avoiding costly mistakes.

The MDA endorses DBS Investment Advisers, LLC for investment management and financial planning. Contact DBSIA by emailing [email protected], or calling 989-686-6222. DBSIA has a paid endorsement with the MDA. MDA is not a client of DBSIA and has financial incentive to promote its services.

DBS has a financial arrangement to compensate the MDA for providing marketing services and promoting DBSIA’s services. This arrangement is compensated via quarterly checks and is not based off of client referrals.