What is the High Cost Claims Scheme?
Under this scheme, the Australian Government will reimburse medical indemnity insurers, for each claim, 50% of the insurance payout over $300,000 up to the limit of the practitioner’s cover, for claims notified on or after 1 January 2004. Your claim will only be covered by this scheme if you are insured. The High Cost Claims Scheme minimises the impact that large claims may have on the ability of medical indemnity insurers to continue to provide affordable indemnity cover for doctors. This will provide more certainty to the providers of medical indemnity cover and will give doctors greater confidence in their insurance arrangements.
