The MICA office will be closing at 3PM on Friday, February 15th. The MICA office will also be closed Monday, February 18th for President's Day.$25 Million Dividend Distributed in February 2019
At its December meeting, the MICA Board of Trustees declared a $25 million dividend* to be distributed to participating member policyholders in February, 2019.
This dividend is derived from favorable claims development and investment income, and represents approximately 27% of an annual premium for policyholder members with MICA for 36 consecutive months as of December 31, 2018. Those with MICA for a shorter period will receive a proportionate dividend based on their number of months with MICA.
Following the February distribution, MICA, a true mutual company, will have returned $625 million to its member owners since inception with $130 million in the last five years alone.
On behalf of the MICA staff and Board of Trustees, thank you for your support.
James F. Carland, M.D.
Chairman, President & CEO
*The dividend declared for the 2018 policy year reflects the Company’s financial performance. Past performance does not guarantee future dividends.
MICA is now offering a new payment option for new business and renewal policies - eCheck! After logging in, click "View my invoice or Pay my premium" from your homepage to access the payment options for credit card and eCheck. To pay by eCheck simply select that option and enter your bank routing number and account number.
Did you miss our latest Lunch & Learn webinar, No Bully Zone? You can view it now by logging in and clicking on Lunch & Learn Webinars under Quick Links.
Watch your email for invitations to future Lunch & Learn and Lunch & Law webinars, held the third Wednesday of every month at 12:15 MST.
The Risk Advisor is MICA's quarterly CME publication from our award-winning Risk Management Department. The December 2018 issue covers a variety of relevant topics including: Burnout & Medical Errors and Practical Stress Management Tips for Physicians. Log in today to read the 4th Quarter issue of the Risk Advisor.
MICA Medical Foundation surpassed the $800,000 mark of cumulative pledges and giving to St. Joseph’s Foundation with a recent pledge of $284,000 to support ongoing residency training in obstetrics and gynecology at Dignity Health St. Joseph’s Hospital and Medical Center in Phoenix. The grant is designed to create a pipeline of highly qualified OB/GYN physicians to our community, thereby addressing an anticipated future shortage of physicians in the Phoenix area and beyond.
Click here to read the full press release.
The 4th quarter issue of the MICA Report is now available on the MICA website. Log in today to read about today's relevant topics.
As a client of MICA your safety and security is always our priority. Recently a MICA insured received a phone call from an unidentified individual who stated they were calling regarding their MICA insurance. The caller asked the MICA insured to log onto their computer to access information. The call originated from 727-555-0126 which has been flagged as a number being used for scam or fraud.
All MICA IT systems have been reviewed to demonstrate that no systems have been compromised. Should you be the target of any similar or suspicious activity, we recommend immediately checking your PC for malware, phishing, or viruses. In addition, we recommend that you change your MICA password if you use any of MICA’s online options such as premium payment, completing renewal census, obtaining a certificate of insurance, etc.
If a MICA employee contacts you and you are unsure of their identity, please contact us immediately to verify that the individual is a MICA employee by calling 602-808-2111 or 877-215-6422.