Because we are uncommonly aligned with the medical profession, it is our duty to reward doctors. The Doctors Company has always offered tangible benefits to those who join us, including the potential to share in yearly dividend distributions, industry-leading patient safety programs, and our wide array of online tools, support, and services that help make practicing medicine easier and more rewarding.
But there was more to be done. Recently, we created the Tribute® Plan, a breakthrough new financial benefit that rewards our members for their dedication to The Doctors Company, and for their commitment to the practice of good medicine.
The Tribute Plan.
We simply believe that rewarding doctors is the right thing to do—and with a conservative business strategy executed over many years, we are in the fortunate position to be able to do it. Every member-physician receives a Tribute Plan award when he or she meets these simple requirements:
- Reach age 55 or older
- Retire permanently from medicine
- Have five or more years of continuous coverage with The Doctors Company on the day of retirement
The Tribute Plan is not just a commitment to you—it’s also a long-term commitment to changing our profession for the better. It’s a plan that’s based on a powerful, fundamental principle: When we all work together to promote patient safety and keep claims low, we all win. What’s in it for doctors is a financial reward at the end of their career. What’s in it for us is the ability to redefine the best insurance coverage in the industry and provide enhanced benefits that promote loyalty to our cause.
It’s about better health care. And common sense.
Keeping doctors protected, informed, and rewarded helps keep The Doctors Company stronger and the entire system healthier. The Tribute Plan demonstrates the relentless dedication we have to our founding charter—to support doctors in advancing and protecting the practice of good medicine.
How does it work?
The Tribute Plan uses a financial loyalty pool to reward its members. This past year, The Doctors Company board approved the initial five years of funding for the loyalty pool. Each year thereafter, the board will determine the amount of additional funds to be added. A portion of this loyalty pool money is allocated annually to each physician based on his or her premium.
Examples of how the Tribute Plan works:
