The rate of the annual surcharges that physicians must pay into Indiana’s Patient Compensation Fund (PCF) will remain unchanged in 2023-2024, the Indiana Department of Insurance (IDOI) announced on Jan. 12. The rates for hospitals also won’t change.

Rates apply for medical malpractice policies written or renewed on or after July 1, 2023.

The PCF is a dedicated fund administered by the IDOI, created in 1975 by the Indiana General Assembly as a component of the Indiana Medical Malpractice Act. The fund provides excess compensation for patients who have experienced medical malpractice, in addition to the recovery of compensation from a defendant health care provider.  

The PCF is funded via a surcharge as part of a health care provider’s liability insurance premium. The surcharge total each physician pays is based on the risk associated with that physician’s specialty.  

Read IDOI Bulletin 267 announcing the rates >>