The Doctors Company and Its Tribute Plan: Enhancing the Benefits of Membership!
The San Diego County Medical Society has exclusively endorsed The Doctors Company’s medical liability insurance program since 2005, with qualified SDCMS members receiving a 5 percent premium discount. Recently, The Doctors Company enhanced its Tribute Plan to further benefit SDCMS members.
What Is the Tribute Plan?
The Doctors Company has paid out more than $1.7 million in Tribute Plan awards to retiring doctors for their dedication to the practice of good medicine. Launched in 2007, the Tribute Plan is our way to reward physicians for their loyalty to The Doctors Company and commitment to superior patient care. To prove this commitment, The Doctors Company has created a plan that financially rewards physicians who dedicate themselves to superior patient care and keeping claims low. This year, The Doctors Company has enhanced the Tribute Plan Funding for the next three years. This means that in just six years, members will have accumulated approximately one year’s premium in their Tribute accounts.
How Do Physicians Enroll in the Tribute Plan?
All members of The Doctors Company are immediately eligible and are enrolled.
How Do Physicians Qualify for a Tribute Plan Award?
A member of The Doctors Company must simply reach age 55 or older, retire permanently from medicine, and be insured by The Doctors Company for five continuous years or more on the day they retire.
Why the Tribute Plan Benefit?
The Tribute Plan is a benefit that was born out of The Doctors Company’s tenacious desire to uphold its founding mission as an organization created by doctors to advance and protect the practice of good medicine. It’s a financial benefit that The Doctors Company has created in an effort to provide tangible proof that it is accountable to the physicians we insure. It helps them reinforce the fact that, as a physician-founded/owned/led organization, they consider the physicians they insure to be members of our organization and not merely policyholders. And it proves they are dedicated to rewarding our members — unlike commercial insurance companies that view doctors as anonymous policyholders.
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