Business Associate

OMIC has completed its revision of the HIPAA Business Associate (BA) Agreement it maintains between itself and each of its insureds. You can download a copy here: Business Associate Agreement-OMIC-9.1.2013. A hard copy is also being sent to OMIC insureds by mail. Please understand that because OMIC has 4,500 physician insureds, it would be administratively burdensome for OMIC to review and sign individual BA Agreements provided by each of its insureds. OMIC’s BA Agreement meets the latest HIPAA and HITECH standards as promulgated in the Omnibus HIPAA/HITECH Final Rule and is the only BA Agreement that OMIC will maintain between itself and its insureds. Please retain your copy of the OMIC BA Agreement with your HIPAA compliance materials.

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Six reasons OMIC is the best choice for ophthalmologists in America.

Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $90 Million to our members through dividends.