Ensuring the premium pool is full to cover all future claims is important to providing peace of mind to all Members. This includes:

• Adequate reserves or surplus of funds above what is required to cover all unforeseen circumstances.
• Collecting the right level of premium from all Members.

Determining what premium is required from Members collectively each year is based on what is required to:

• Cover the cost of claims (including projected claims costs).
• Cover the operational costs of running the insurance business.
• Adjustment for any income/loss that arises from investing the pool fund.

The premium individual Members contribute is not the same. There are several factors that broadly determine what is a fair contribution a Member should pay, based on the likelihood and potential cost of a future claim they may require from the premium pool.

No. The number of times that you call the MDA National medico-legal advice line does not contribute in any way to your premium.

We encourage you to seek the support of our medico-legal advisers, who can provide you with expert advice and support when you need it most.

Our national team of industry-leading doctors, lawyers and medical defence experts are just a click or phone call away, and available 24/7 (in emergencies). 

Notification of an adverse incident does not have an impact on your premium (your premium is based on the number of claims and/or investigations you have had in the past 10 years - see our FAQs about claims and investigations).

If your premium exceeds 7.5% of your private gross annual billings, you may be eligible for the Australian Government's Premium Support Scheme (PSS) which has been established to assist eligible medical practitioners to meet the costs of their medical indemnity insurance.

Additionally, we offer a range of payment options including quarterly and monthly instalments. All payment options will be outlined in your Renewal Notice. 

PSS Calculator

We will also consider requests for broader financial assistance in meeting premium payments on a case-by-case basis.

Escalating costs and frequency of medical indemnity claims have caused indemnity premiums to increase in Australia and globally. Read more on why medical indemnity claims are on the rise.