MCMS Insurance Trust
Comprehensive medical coverage for member practices and their staff, built by physician employers.
Program success
Where the Trust stands today
1981
Running since
The program’s first year.
338
Practices enrolled
Independent physician practices in the program.
6,519
Members covered
Total enrollment state-wide.
History
How the Trust came about
- Background
- The Medical Society Insurance Trust was established in Marion County nearly 40 years ago.
- Purpose
- Created by physician employers in the private practice of medicine as a way to provide comprehensive medical coverage to their employees and families.
- Growth
- The program has expanded to 12 counties state-wide and continues to offer affordable insurance solutions to independent physician practices.
- Sustainability
- Governed by a Board of Trustees made up of local leadership and decision makers, to manage risk and ensure long-term success.
Advantages
What the Trust gives a practice
- Plan variety
- Groups can offer up to 11 different health plans through Florida Blue.
- Rate stability
- A funding strategy called Minimum Premium lets the Trust operate as one state-wide program, to further stabilize healthcare costs for the practice and its employees.
- Large-group benefits
- Joining the Trust gives small groups access to large-group benefits and rates.
- State-wide reserves
- The Minimum Premium structure protects the reserve balance. As state-wide plan performance improves, premium holidays provide additional rate relief.
Reach
Twelve counties
State-wide growth includes the Alachua, Collier, Duval, Emerald Coast, Hillsborough, Indian River, Lake-Sumter, Lee, Manatee, Marion, Palm Beach and Sarasota County Medical Societies and Associations.
For a proposal of insurance, email ocala.gbs.trustbenefits@ajg.com. For more about the Trust, visit BenefitHub.