ATTN: DSNJ MEMBERS!

Don’t miss your chance to reduce your malpractice premium through the
Dermatological Society of New Jersey DSNJ Purchasing Alliance and MDAdvantage.
You could be saving 25% annually!

 

Final Annual Premium: $5,027      Discounts applied:DSNJ Purchasing Alliance CreditPractice On-Site Assesment Electronic Medical Record System Practice Self-Assesment Electronic Prescription Writer Credit Educational Program Credit   MDAdvantage provides superior coverage for NJ Physicians including Supreme Advantage Provided to policy holders at no additional cost for: • Employment Practices Liability Insurance • Privacy and Data Security Insurance • Medical Practice Administration Insurance And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best! Step up to a whole new level of protection with MDAdvantage in partnership with the NJ Dermatological Society and DSNJ Purchasing Alliance. Contact Geri Warick at 201-525-1100 (x18) or quote@protectivealliance.com and start saving! This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty. Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage. This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

ATTN: NJOS/OSNJ MEMBERS!

Don’t miss your chance to reduce your malpractice premium through the Orthopaedic Surgeons of New Jersey (OSNJ) Purchasing Alliance and and MDAdvantage.

The savings are significant!

Final Annual Premium: $25,079 (excluding spine)
                                         $29,865 (including spine)

 Disounts applied:
Orthopedic Society Purchasing Alliance Credit
Practice On-Site Assesment
Electronic Medical Record System
Practice Self-Assesment
Electronic Prescription Writer Credit
Educational Program Credit

And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best!

Step up to a whole new level of protection with MDAdvantage in partnership with
NJOS/OSNJ Purchasing Alliance.

Contact Geri Warick at 201-525-1100 (x18) or quote@protectiveallaince.com and start saving!
This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty.

Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage.

This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

ATTN: NJAAP MEMBERS

Don’t miss this opportunity to reduce your malpractice premium through the AAP/NJ Purchasing Alliance and MDAdvantage. You could be saving 20% annually!

Final Annual Premium: $6,048 
Discounts applied:

     AAP NJ Purchasing Alliance Credit

     Practice On-Site Assesment

     Electronic Medical Record System

     Practice Self-Assesment

     Electronic Prescription Writer Credit

    Educational Program Credit

 

And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best!

Step up to a whole new level of protection with MDAdvantage in partnership with
the AAP NJ Chapter and AAP NJ Purchasing Alliance.

Contact Geri Warick at 201-525-1100 (x18) or quote@protectivealliance.com and start saving!

This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty.

Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage.

This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

Demystifying Pricing

At PPA, we understand you want a “great deal” when purchasing your healthcare malpractice insurance. But, if you’re involved in a claim, not only are your career and reputation at stake, but your personal assets are, as well.

When considering healthcare malpractice coverage, we encourage you to review price in the context of value. Your selection of company and coverage will have a big impact on whether you’re getting thebest coverage for your money.

Why the Lowest Priced Coverage May Not Be the Best Value

1. The Low Price May Not Account for Unexpected Claims.In 2011, the average healthcare malpractice claim payment made by MedPro nationwide was approximately $325,000, an amount most healthcare providers would find difficult, if not impossible, to pay on their own. As a result, your malpractice insurance company’s financial strength is vitally important. The strength of any insurer is dependent upon that insurer charging the right price for its product. Clearly, if an insurance company underprices its coverage, that company could end up with insufficient resources to pay claims.
2. The Low Price May Indicate You Don’t Have Pure Consent Authority When Resolving Claims.MedPro believes you should decide whether to settle your healthcare malpractice claim. That’s why our policy gives you that right — no exceptions. Other companies policies appear to provide the same protection; however, when you read the entire consent provision you might find exceptions which actually give consent authority back to the insurance company.
3. The Low Price Does Not Support Industry-Leading Claims Defense.Good legal protection is expensive. MedPro utilizes the nation’s best healthcare malpractice defense attorneys, and hiring those attorneys—along with the nation’s best expert witnesses—is expensive. But we believe you deserve the best defense available. MedPro has never and will never compromise defense quality to save a few dollars, and our track record indicates that approach is in your best interest.

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4. The Price is Low Because Coverage is Limited.Healthcare providers should have access to the industry’s most comprehensive coverage options. Make sure your company offers:
   • Three coverage types: occurrence, claims-made and convertible claims-made.
   • A pure consent to settle provision.
   • A free extended reporting period (“tail”) at retirement after just one year of coverage and a mature retroactive date.
   • A free tail for death and disability.
   • Additional coverages, including: cyber liability, billing error and omissions, as well as defense during administrative hearings or state licensing board actions.

   Bottom Line: No other company beats MedPro’s comprehensive coverage options.

5. The Low Price Reflects Only Current Market Conditions—Not a Long-Term Commitment.The healthcare malpractice insurance market is cyclical, and the past few years have given rise to fewer claims than in decades past. This insurer-friendly environment makes the market attractive for start-up companies.

   But, it’s difficult to establish a price that combines strong defense and affordability. When conditions are less favorable for making money, many of those same startup companies might leave the healthcare malpractice insurance market as quickly as they arrived, thus abandoning you and forcing you to shop for a new insurer.