Medical Malpractice Insurance For Doctors : High Cost Claims Scheme (HCCS) Changes From 1 July 2018
Under this Scheme, the Australian Government has reimbursed medical indemnity insurers 50% of the insurance payout over a threshold of $300,000 up to the limit of the practitioner’s cover, for claims notified on or after 1 January 2004.
From 1 July 2018, the threshold for claims under the HCCS will be amended from $300,000 to $500,000. The new threshold will be applied to claims notified to insurers on or after 1 July 2018.
A Doctor’s claim will only be covered by this scheme if they are insured. The HCCS minimises the impact that large claims may have on the ability of medical indemnity insurers.
The Australian Government will continue to review the need for direct financial support and large claims arrangements as state and territory law reforms and the other elements of this package impact on the availability and cost of medical indemnity insurance. The need for this measure will also be affected by stabilisation of global reinsurance markets.
