Napa, California—April 3, 2013—The Doctors Company, the nation’s largest medical malpractice insurer, announced today that the number of members qualifying for a Tribute® Plan award and members receiving an award at their retirement continued to set records in 2012. The Tribute Plan is an unrivaled benefit that provides members with a significant financial reward when they retire from the practice of medicine.
At the end of 2012, more than 28,000 members had qualified for an award, with an average balance of $11,855 that will continue to grow until they retire. Through 2012, over 1,800 awards had been distributed. Tribute awards do not affect premiums and are provided in addition to dividends, which The Doctors Company will pay to eligible members in 2013 for the seventh consecutive year.
“Our mission is to advance, protect, and reward the practice of good medicine. The Tribute Plan supports this mission by rewarding members for their loyalty and dedication to superior patient care,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “The plan underscores the principle that when we all work together to promote the practice of good medicine and improve our profession over time, we all win.”
Members continue to enthusiastically support the plan, and satisfaction is at an all-time high. A recent survey showed that 97 percent of members plan to stay with The Doctors Company until they retire, and the Tribute Plan was an important factor driving this loyalty.
“The Tribute Plan is real proof that I’m more than just an insured of The Doctors Company—I am a member,” said Michelle Tyson, MD, medical director of the Crown City Medical Group and member of The Doctors Company. Find out more about what Dr. Tyson and other members say about the Tribute Plan in a video at www.thedoctors.com/tribute.
About The Doctors Company
Founded by doctors for doctors in 1976, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest medical malpractice insurer, with 73,000 members and $4 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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