The Legacy Fund Continues to Grow with a $23.2M Allocation in 2012!
Our physician-led Board of Directors has allocated an additional $23.2 Million to The Legacy Fund and $1.8 Million in cash dividends to members. Since 2009, Medical Mutual has allocated over $64.4M to the program, which benefits qualifying members in North Carolina, Virginia, and Georgia.
The Legacy Fund is a member benefit program designed to recognize our members' commitment to quality medicine and their loyalty to Medical Mutual. This innovative program creates individual member savings accounts for qualifying physicians. Member physicians enrolled in the program receive a distribution upon a qualifying event, including retirement, disability or death.
An individual physician's Legacy Fund share is determined by the amount of that physician's earned premium as a percentage of total earned premiums for all of Medical Mutual Legacy Fund participants over the designated time frame. This percentage is then applied to the current year's overall Legacy Fund allocation to calculate an individual's share. Individual physician allocations go into accounts on a quarterly basis.
Physician members can enroll, view individual Legacy Fund balances, and view Plan documents at www.medicalmutualgroup.com/legacyfund. For more information about the program, contact Colleen Larsen, Executive Coordinator, at 800.662.7919 x.7563 or email@example.com.
Loyalty. Partnership. Trust.
These are the qualities that build a lasting legacy.
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