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 OSNJ is pleased to announce the approval of exclusive discounts for
its members. The discounts are offered by
MDAdvantage of New Jersey, and will be offered to current
insureds and new applicants who meet their underwriting criteria.
The discounts are significant:
12.5% for Orthopaedic surgeons - Excluding spine;
Orthopaedics – Office and Surgical
Assisting – Excluding spine;
and Orthopaedics – Office only
7.5% for Orthopaedic surgeons - Including spine or
Assisting in spine surgery
Most full-time Orthopaedic
Surgeons (No-Spine) would qualify for a discount of $4,939 to $9,685
per year, with a majority of the Surgeons receiving a discount of
$6,586 per year. The discount dollar amounts are based on the
current premiums being paid by the Surgeons. Discounts are
applicable to both Permanent Protection and Claims-made policies.
The above discounts are in
addition to other discounts applicable to your policy, such as
Risk Management (including EMR – Electronic Medical Records, EPW –
Electronic Prescription Writer), Part-time, and New Doctor
discounts.
In order to qualify for the above
discounts, physicians must be current members of OSNJ. If you are
not an OSNJ Member, you can submit your application today by
completing our online Membership
Application form. Physicians must also join the OSNJ Medical
Liability Insurance Purchasing Alliance, Inc. The Alliance was
created in accordance with State rules and has submitted a formal
filing for the discounts with the New Jersey Department of Banking &
Insurance.
How can you take advantage
of this discount?
Simply complete the
Alliance Membership form
and mail to us, with a check in the amount of $1,000.00, made
payable to OSNJ Medical Liability Insurance Purchasing Alliance,
Inc. The initial payment will cover membership through December 31,
2009. (Click here
for the Alliance Membership form.)
- If you are insured with
MDAdvantage and meet the program qualifications: The
discounts will be automatically applied to your policy upon
renewal.
- If you are insured with
another carrier: To explore discounted rates with
MDAdvantage, please mail the Alliance form with your check. You
will need to apply for insurance with MDAdvantage.*
Click here
for the Alliance form or contact MDAdvantage or your broker
directly.
*All
new applicants must meet MDAdvantage underwriting criteria to be
eligible for the discount. Physicians who are receiving the
discount and drop below the Standard Rating tier will be given
one (1) year to continue the discount. If, at the next renewal
the physician is still below the Standard Rating tier, the
physician will no longer receive the discount. All Medallion,
Preferred and Standard rated physicians will be eligible for the
discount.
If MDAdvantage declines to
offer you a policy at this time, the Alliance membership fee
will be refunded.
For a complete listing of all
terms and program guidelines,
click here. You can contact your
broker for assistance with this program.
We are very excited about this new
and innovative program – designed exclusively for OSNJ members. We
invite you to take advantage of it today!
Sincerely,
Stuart J. Fischer MD
President, OSNJ/NJOS
Chairman, OSNJ Medical Liability Insurance Purchasing Alliance, Inc.
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