Rates

Effective January 1, 2026, MIEC’s base rates in Alaska remain unchanged.

FAQs

Q: Why are base rates not changing?

 A: MIEC works with a large actuarial consulting firm to analyze our data annually.  Results in Alaska have been fair recently and there was no indication from our analysis that a change needed to be made at this time.  We are facing some headwinds with regard to inflation and legal challenges in Alaska that could present future difficulties and force changes in the future.

 Q: Why are you changing available installment plan options in 2026 for accounts with less than $3,000 in annual premium?

A: As a company owned by you, our insureds, MIEC is committed to minimizing operating costs that impact rates.  Over the last several years, collections costs and transactions fees have continued to increase.  To help mitigate these rising costs and achieve our objectives to minimize operating expenses we are modifying available installment plan options over the next renewal cycle.  We understand this change may require planning and our goal is to make this process non-disruptive for our members. To aid this transition, we began notifying affected members of these changes in 2025.

Beginning January 1^st, 2027, policies with premiums less than $3,000/annually will be required to pay annually, unless enrolled in automatic/recurring payments.  If enrolled in automatic/recurring payments any installment plan option may be chosen.  Therefore, if your premium is less than $3,000/annually and you would prefer an installment plan other than annual, we would encourage you to set up automatic payments during the 2026 policy year.  If your policy renewal date is on or after January 1, 2027, your automatic/recurring payment would need to be configured no later than 60 days prior to your renewal date, otherwise your installment plan will be reverted to annual at your next renewal.

Automatic/Recurring payments can be configured, added, and/or updated in the MIEC Member Portal.  Please login to your account at memberportal.miec.com and click on the Make a Payment button from the home screen.  If you have questions about setting up a recurring payment method, please visit miec.com/miecmemberportalfaqs/for step-by-step instructions.  Acceptable automatic/recurring payments can be configured with automatic direct debit (ACH/EFT) or credit card. NOTE: Currently MIEC does not charge additional transaction fees for using credit cards.  However, credit card transaction fees are a significant expense for the organization.  Automatic direct debit (ACH/EFT) carries a much lower transaction fee for MIEC.

If you would like to request a change to your current installment plan, please contact member services at 800.227.4527, or email service@miec.com.

Rates

Effective January 1, 2026, MIEC’s base rates in California remain unchanged.

FAQs

Q: Why are base rates not changing?

 A: MIEC works with a large actuarial consulting firm to analyze our data annually.  Results in California have been fair recently and there was no indication from our analysis that a change needed to be made at this time.  We are facing some headwinds with regard to inflation, increasing caps related to MICRA and other law changes in California that could present some challenges and force changes in the future.

 Q: Why are you changing available installment plan options in 2026 for accounts with less than $3,000 in annual premium?

A: As a company owned by you, our insureds, MIEC is committed to minimizing operating costs that impact rates.  Over the last several years, collections costs and transactions fees have continued to increase.  To help mitigate these rising costs and achieve our objectives to minimize operating expenses we are modifying available installment plan options over the next renewal cycle.  We understand this change may require planning and our goal is to make this process non-disruptive for our members. To aid this transition, we began notifying affected members of these changes in 2025.

Beginning January 1^st, 2027, policies with premiums less than $3,000/annually will be required to pay annually, unless enrolled in automatic/recurring payments.  If enrolled in automatic/recurring payments any installment plan option may be chosen.  Therefore, if your premium is less than $3,000/annually and you would prefer an installment plan other than annual, we would encourage you to set up automatic payments during the 2026 policy year.  If your policy renewal date is on or after January 1, 2027, your automatic/recurring payment would need to be configured no later than 60 days prior to your renewal date, otherwise your installment plan will be reverted to annual at your next renewal.

Automatic/Recurring payments can be configured, added, and/or updated in the MIEC Member Portal.  Please login to your account at memberportal.miec.com and click on the Make a Payment button from the home screen.  If you have questions about setting up a recurring payment method, please visit miec.com/miecmemberportalfaqs/for step-by-step instructions.  Acceptable automatic/recurring payments can be configured with automatic direct debit (ACH/EFT) or credit card. NOTE: Currently MIEC does not charge additional transaction fees for using credit cards.  However, credit card transaction fees are a significant expense for the organization.  Automatic direct debit (ACH/EFT) carries a much lower transaction fee for MIEC.

If you would like to request a change to your current installment plan, please contact member services at 800.227.4527, or email service@miec.com.

Rates

Effective January 1, 2026, MIEC’s base rates in Hawaii will increase by 5%

FAQs

Q: Why are base rates increasing by 5%?

 A: MIEC insures approximately 70% of the physicians in private practice and has considerable data to use in making its decisions.  In addition, MIEC works with a large actuarial consulting firm to analyze our data annually.  Claims experience in Hawaii continues to have mixed results but is showing signs of improvement from prior years.  Therefore, effective January 1, 2026, base rates are increasing ($1M/$3M limits) by 5%. We have chosen a lower rate increase this year to recognize this although actuarial indications suggest we should raise rates by more than this. MIEC will deploy its capital to smooth out rates where it can.

 Q: Why are you changing available installment plan options in 2026 for accounts with less than $3,000 in annual premium?

A: As a company owned by you, our insureds, MIEC is committed to minimizing operating costs that impact rates.  Over the last several years, collections costs and transactions fees have continued to increase.  To help mitigate these rising costs and achieve our objectives to minimize operating expenses we are modifying available installment plan options over the next renewal cycle.  We understand this change may require planning and our goal is to make this process non-disruptive for our members. To aid this transition, we began notifying affected members of these changes in 2025.

Beginning January 1^st, 2027, policies with premiums less than $3,000/annually will be required to pay annually, unless enrolled in automatic/recurring payments.  If enrolled in automatic/recurring payments any installment plan option may be chosen.  Therefore, if your premium is less than $3,000/annually and you would prefer an installment plan other than annual, we would encourage you to set up automatic payments during the 2026 policy year.  If your policy renewal date is on or after January 1, 2027, your automatic/recurring payment would need to be configured no later than 60 days prior to your renewal date, otherwise your installment plan will be reverted to annual at your next renewal.

Automatic/Recurring payments can be configured, added, and/or updated in the MIEC Member Portal.  Please login to your account at memberportal.miec.com and click on the Make a Payment button from the home screen.  If you have questions about setting up a recurring payment method, please visit miec.com/miecmemberportalfaqs/for step-by-step instructions.  Acceptable automatic/recurring payments can be configured with automatic direct debit (ACH/EFT) or credit card. NOTE: Currently MIEC does not charge additional transaction fees for using credit cards.  However, credit card transaction fees are a significant expense for the organization.  Automatic direct debit (ACH/EFT) carries a much lower transaction fee for MIEC.

If you would like to request a change to your current installment plan, please contact member services at 800.227.4527, or email service@miec.com.

Rates

Effective January 1, 2025, MIEC’s base rates in Idaho are decreasing by 5%.

FAQs

Q: Why are base rates decreasing by 5%?

 A: MIEC insures approximately 35% of the physicians in private practice and has considerable data to use in making its decisions.  In addition, MIEC works with a large actuarial consulting firm to analyze our data annually.  Results in Idaho have been stable and better than expected over the last few years.  After our analysis it was determined that a small reduction could be made at this time and not risk the overall adequacy or stability of the portfolio.  We are constantly monitoring what is happening in the state and there are some headwinds with regard to inflation and law changes in Idaho that could present some challenges and force changes in the future.

MIEC has been committed to Idaho physicians since 1976 and remained steadfast in fulfilling its mission to members including providing superior medical professional liability at stable rates, reflective of our costs, without motive to generate profit.  This reduction in base rate for Idaho physicians is further reflection of our founding philosophy and renewed commitment of consistently doing what is right for our members.

 Q: Why are you changing available installment plan options in 2026 for accounts with less than $3,000 in annual premium?

A: As a company owned by you, our insureds, MIEC is committed to minimizing operating costs that impact rates.  Over the last several years, collections costs and transactions fees have continued to increase.  To help mitigate these rising costs and achieve our objectives to minimize operating expenses we are modifying available installment plan options over the next renewal cycle.  We understand this change may require planning and our goal is to make this process non-disruptive for our members. To aid this transition, we began notifying affected members of these changes in 2025.

Beginning January 1^st, 2027, policies with premiums less than $3,000/annually will be required to pay annually, unless enrolled in automatic/recurring payments.  If enrolled in automatic/recurring payments any installment plan option may be chosen.  Therefore, if your premium is less than $3,000/annually and you would prefer an installment plan other than annual, we would encourage you to set up automatic payments during the 2026 policy year.  If your policy renewal date is on or after January 1, 2027, your automatic/recurring payment would need to be configured no later than 60 days prior to your renewal date, otherwise your installment plan will be reverted to annual at your next renewal.

Automatic/Recurring payments can be configured, added, and/or updated in the MIEC Member Portal.  Please login to your account at memberportal.miec.com and click on the Make a Payment button from the home screen.  If you have questions about setting up a recurring payment method, please visit miec.com/miecmemberportalfaqs/for step-by-step instructions.  Acceptable automatic/recurring payments can be configured with automatic direct debit (ACH/EFT) or credit card. NOTE: Currently MIEC does not charge additional transaction fees for using credit cards.  However, credit card transaction fees are a significant expense for the organization.  Automatic direct debit (ACH/EFT) carries a much lower transaction fee for MIEC.

If you would like to request a change to your current installment plan, please contact member services at 800.227.4527, or email service@miec.com.

Rates

Effective January 1, 2026, MIEC’s base rates for Acupuncture policies remain unchanged.

FAQs

Q: Why are base rates not changing?

 A: MIEC works with a large actuarial consulting firm to analyze our data annually.  Results across our Acupuncture portfolio have been good recently and there was no indication from our analysis that a change needed to be made at this time.  We are facing some headwinds with regard to inflation and law changes in various states that could present some challenges and force future changes.

 Q: Why are you changing available installment plan options in 2026 for accounts with less than $3,000 in annual premium?

A: As a company owned by you, our insureds, MIEC is committed to minimizing operating costs that impact rates.  Over the last several years, collections costs and transactions fees have continued to increase.  To help mitigate these rising costs and achieve our objectives to minimize operating expenses we are modifying available installment plan options over the next renewal cycle.  We understand this change may require planning and our goal is to make this process non-disruptive for our members. To aid this transition, we began notifying affected members of these changes in 2025.

Beginning January 1^st, 2027, policies with premiums less than $3,000/annually will be required to pay annually, unless enrolled in automatic/recurring payments.  If enrolled in automatic/recurring payments any installment plan option may be chosen.  Therefore, if your premium is less than $3,000/annually and you would prefer an installment plan other than annual, we would encourage you to set up automatic payments during the 2026 policy year.  If your policy renewal date is on or after January 1, 2027, your automatic/recurring payment would need to be configured no later than 60 days prior to your renewal date, otherwise your installment plan will be reverted to annual at your next renewal.

Automatic/Recurring payments can be configured, added, and/or updated in the MIEC Member Portal.  Please login to your account at memberportal.miec.com and click on the Make a Payment button from the home screen.  If you have questions about setting up a recurring payment method, please visit miec.com/miecmemberportalfaqs/for step-by-step instructions.  Acceptable automatic/recurring payments can be configured with automatic direct debit (ACH/EFT) or credit card. NOTE: Currently MIEC does not charge additional transaction fees for using credit cards.  However, credit card transaction fees are a significant expense for the organization.  Automatic direct debit (ACH/EFT) carries a much lower transaction fee for MIEC.

If you would like to request a change to your current installment plan, please contact member services at 800.227.4527, or email service@miec.com.