The Doctors Company Celebrates 15-Year Anniversary of the Tribute Plan
June 14, 2022by
The Doctors Company announced today that it has paid more than $140 million in Tribute Plan awards during the past 15 years to its members. Tribute was the first national plan to recognize retiring doctors for their loyalty and commitment to superior patient care, according to the medical professional liability insurer, and the largest such benefit in the industry.
According to The Doctors Comapny, more than 11,500 Tribute awards have been paid during the last 15 years — the largest award being $264,808.
“The Tribute Plan is tangible proof of our mission to advance, protect and reward the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company and TDC Group. “I'm pleased that in our recent survey of members, 92% recognized the importance of Tribute and 90% expressed satisfaction with our unmatched benefits.”
According to The Doctors Company, its financial strength — with more than $6.5 billion in assets and $2.5 billion in member surplus — empowers the company to offer these rewards without compromising its ability to protect its members’ livelihoods or pay claims. The millions of dollars that are in Tribute accounts today come from the capital of the company, not from premiums, and Tribute payments do not affect The Doctors Company’s ongoing dividend program.