Policyholder Services

Will my OMIC premium decrease if I discontinue performing refractive surgery?

OMIC does not charge an additional premium for coverage of refractive surgery. Therefore, your premium will not increase if you perform these procedures nor decrease if you discontinue performing them.

Coverage for extraocular refractive surgery procedures (such as PRK and LASIK) is automatically included within the standard Surgery Class 3 coverage.  Coverage for intraocular refractive surgery procedures (including refractive lens exchange and phakic implants) may be added by endorsement following underwriting review and approval of a supplemental questionnaire. When approved and endorsed, intraocular refractive surgery coverage is also included within the standard Surgery Class 3 rate.

Since the policy must be specifically endorsed to include intraocular refractive surgery coverage, insureds should contact their underwriter if they plan to begin performing (or discontinue performing) such procedures.


Updated 12/8/2015

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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.