Policyholder Services

Does OMIC offer discounts to new doctors?

Updated 8/22/2019

To meet the needs of new doctors, OMIC has implemented a special discount program for physicians who are in their first, second, or third year of practice following completion of residency, fellowship, or military service. Discounts of 60%, 30%, and 15% apply respectively. If you have just completed residency, you will join OMIC with the first year new doctor discount of 60%. A 30% reduction will apply during your second year of practice, and a 15% reduction will apply in your third year. This discount is in addition to the reduced premium that applies based on your step rate.

If you completed training within the past three years but have been insured elsewhere for the early years of practice, you will join OMIC at a discount based on your number of years in practice. For example, if you have been in practice 18 months at the time you join OMIC, you will receive a 30% discount for the first 6 months of OMIC coverage, and a 15% discount the following 12 months.

If you feel you may be eligible for our new doctor discounts, please call us so we can advise you which discount will apply.