Policyholder Services



Will my OMIC policy insure me if I perform refractive lens exchange (clear lens extraction) on a patient with early cataracts?

It is the purpose of the surgery, rather than the technique or the presence or absence of a cataract that determines whether the procedure is a “refractive lens exchange (clear lens extraction)” for underwriting purposes. If the patient’s complaint and reason for seeking treatment is the impairment of vision caused by the cataract, then the procedure is deemed cataract surgery for underwriting purposes, and no special application, underwriting, or endorsement is necessary. However, if the patient’s primary objective is to reduce the amount of myopia, hyperopia, and/or presbyopia, even if early signs of cataract formation are present, then the procedure is considered a “refractive lens exchange.” As such, coverage is excluded unless specifically endorsed to the policy following review and approval of a supplemental questionnaire.

Please see also the Coverage Question, “Will OMIC cover me for implantation of a multifocal intraocular lens?”

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Six reasons OMIC is the best choice for ophthalmologists in America.

#1. Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $20 Million to our members through dividends.

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