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: Since that time, the program has expanded to 12 total counties state-wide and continues to offer affordable insurance solutions to independent physician practices.
Sustainability: The program is governed by a Board of Trustees made up of local leadership and decision makers to manage risk and ensure long term program success.
Plan Variety: Groups can offer up to 11 different health plans through Florida Blue.
Rate Stability: Using a funding strategy called Minimum Premium, the Trust functions under one, state-wide program in an effort to further stabilize healthcare costs for both the practice and the employees.
Large Group Benefits: Joining the Marion County Medical Society, Inc - Insurance Trust allows small groups access to large group benefits and rates.
Statewide Reserves: The Minimum Premium funding structure is designed to protect the reserve balance for the program's continued success. As the statewide plan performance improves, premium holidays will provide additional rate relief!
Program Success Since 1981
State-wide growth includes: Alachua, Collier, Duval, Emerald Coast, Hillsborough, Indian River, Lake-Sumter, Lee, Manatee, Marion, Palm Beach, and Sarasota County Medical Societies/Associations.
338 practices currently in the program.
6,519 total members enrolled state-wide.
Local CMS advertising revenue exceeded $103,000 in 2018