Supporting you when it matters
MDA National freezes premiums to support Members
Dear Member,
In the face of the evolving impact of COVID-19, MDA National’s immediate priority is to provide the timely, practical and clear medico-legal support and advice our Members require to KEEP ON practising with confidence.
With concerns rising over the financial impact of this crisis, MDA National has considered ways we can support you, during these extraordinary times. Despite upward pressure on insurance premiums, as a result of increasing medical indemnity claim costs, we are introducing the following support package for Members:
- A freeze on premium increases for 99% of our Members* (i.e. no increases), for the coming financial year.
- Eligibility for a premium reduction if the nature of your practice and/or the level of activity of your practice has materially changed.
- For the 2020/21 financial year, you will have the opportunity to update us on any changes, in our upcoming pre-renewal communications
- For the current financial year, you can advise us of changes post June 30 and we will process any premium refunds due to you at that time
- A new monthly direct debit payment option in addition to the existing quarterly direct debit option to help manage your cash flow
- Expanded assistance for Members experiencing financial hardship. Please contact our Member Services team on 1800 011 255 to discuss options available to you
Supporting each other to KEEP ON
As a doctor owned membership organisation, we recognise your loyalty and the challenges you are facing during this difficult period. We remain committed to be by your side, here for you in the short term, and providing you with the support and protection you need over the longer term.
* Some Members will receive a premium increase due to their claims experience, the nature of their practice, their level of billings or their risk profile.Members not impacted by these factors but who are receiving a step-up premium discount as part of our Starting in Private Practice support program will only receive a premium increase in accordance with the standard discounting progression of this program.
