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 is more to being a member of The Doctors Company. The Tribute® Plan is a breakthrough 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 Doctors Company Board of Governors set aside a specific allocation of funds for the express purpose of rewarding members. This is the Tribute Plan loyalty pool. The board approved five years of initial funding for the plan beginning in 2007. Each year thereafter, the board will allocate additional funds to the loyalty pool. A portion of this loyalty pool is allocated annually to each eligible physicians based on his or her premium.
Calculate Your Tribute Plan payout at retirement.
With the Tribute Plan, members can receive up to 10 percent of their premium per year as a career reward at retirement. You can estimate your Tribute Plan payout at retirement with our Tribute Plan Calculator.
Examples of how the Tribute Plan works: