MIPS uses a risk assessment approach when calculating membership fees to reflect the contribution required to appropriate cover your risk arising from both current and past practice.
The MIPS membership fee is individually calculated based on your membership classification (including location) for your current and past practice for up to three previous membership periods.
For more information refer to the Member Handbook.
We believe that our risk assessment approach (see How your membership fee is calculated) balances equity and fairness for individual members and that of the membership as a whole. On this basis, MIPS does not price match or discount as we only charge what we have calculated as the appropriate contribution required to cover your risk arising from both current and past practice.
Amending your current or previous practice details (up to three membership periods) may result in a reduction of the membership fee you have paid for the current membership period.
For a refund to apply you must advise MIPS (in writing) of any changes prior to the membership period expiring on 30 June.
No refunds are issued for membership fees paid in previous periods.
Your Member Benefit Statement (tax invoice) provides a list of payment options which includes:
- credit card at pay.mips.com.au or call 1300 889 905
- if you are an existing member login via My Membership
- by monthly direct debit instalments (no additional cost) by completing the online Direct Debit Instalment Request
MIPS only offers the option to pay via monthly direct debit instalments from a nominated bank account (savings or cheque). There is no option to have instalments deducted from a credit card.
MIPS offers members the option to pay their membership fee via monthly direct debit instalments from their nominated account between July and April. This facility is offered to all members at no additional cost.
To amend your existing banking details for the monthly instalments you are required to complete a new request which can be done by completing the online Direct Debit Request.
To request consideration for your direct debit to be placed on hold, email the following information to firstname.lastname@example.org:
- Period you wish place the plan on hold
- When you wish to recommence the plan; and
- Reason for requesting variation to the current plan.
Your request will be submitted for consideration, and a determination may take up to 5 business days.
It is important to note that if approved for your plan to be placed on hold, your payments upon recommencement will increase, to reflect your total account balance to be paid in the remaining instalments.
In the event you require temporary assistance with your repayments, MIPS will consider any request for financial hardship in a fair and appropriate manner.
For consideration, complete a Financial hardship application form.
The Premium Support Scheme (PSS) is an Australian Government initiative that helps eligible medical practitioners with their medical indemnity costs. MIPS administers the scheme on behalf of Medicare Australia. Eligible doctors who receive a PSS subsidy see it as a reduction of their MIPS membership fee. Eligibility for the PSS includes:
- medical practitioners whose gross medical indemnity costs exceed 7.5% of estimated gross income private billings; or
- procedural general practitioners in a rural area
- former MISS participants (previously applied for and deemed eligible)
- medical practitioners practicing in the public sector only and their membership fee includes run-off cover for previous private practice.
You can apply for the PSS through MIPS by completing a Premium Support Scheme Application.
Further information regarding the PSS is available from the Department of Health and Ageing website.