If you practiced in Pennsylvania in 2009, 2010, 2011, 2012 or 2014, you may be eligible for a refund from the Mcare Fund that provides excess medical liability coverage for physicians and certain other health care professionals. It is funded by assessments on those covered.
Refunds are required because of a litigation settlement involving the Mcare Fund brought by the Pennsylvania Medical Society (PAMED) and others. The settlement requires the Mcare Fund to refund $139 million of assessment overcharges in the listed years.
The Mcare Fund will mail notices to those eligible about their refunds – likely this fall. The first round of payments is tentatively scheduled for early 2016.
PAMED has a website to help physicians understand the refund process. It discusses who is eligible and how to address potential rights to the refund by another person or entity, such as an employer, that may have paid the assessment.
Find the PAMED website here.
If you believe you are eligible for a refund, review the website and make sure your mailing address is up to date with the Pennsylvania physician licensing boards. The PAMED website includes instructions on how to update your Pennsylvania license address, which you can do even if your license in that state is no longer active.