Policy Pricing to Remain Flat for 2009

The street price for 2009 renewal policies with MEDICAL MUTUAL will not change from 2008 levels. The MEDICAL MUTUAL Board of Directors has approved an 11% dividend for 2009. Based on that action, we received approval from the Maryland Insurance Commissioner for a 2% rate decrease. The combination of these two actions will offset the loss of the premium subsidy the State of Maryland had previously provided on your policy but which is not in effect for 2009.

Absent other changes that may affect your price (such as claims-made step increases, changes to your claims-free discount status or other policy coverage changes), the result is no material increase in the premium you pay for the coming year.

If you have questions concerning your policy, the rate decrease or the dividend, please contact your Insurance Producer or call the MEDICAL MUTUAL Customer Service Department at 410-785-0050 or 800-492-0193.

For additional information, please refer to the November 2008 edition of Notes from the Chair of the Board Newsletter, available by clicking here.