Types of run off cover and costs – Medical

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Medical practitioners may be eligible for the Run Off Cover Scheme (ROCS) when they cease practice in Australia due to retirement or other reasons which meet the eligibility criteria. ROCS is an Australian Government Scheme that provides run off at no cost to eligible medical practitioners.

If not immediately eligible for ROCS when you cease practice, medical practitioners will become eligible after three (3) years of no practice in Australia.

In the meantime, for the period from when you cease practice until you meet the criteria for ROCS, MIPS can offer you run-off cover for your past practice in an Extended Reporting Period (ERP) membership classification. Although you may initially receive a refund when you amend your membership details to run off cover, the cost of ERP cover is calculated on your individual previous practice details (currently up to three prior membership periods) and will vary for each member.

For further information regarding ROCS please visit the Department of Health ROCS FAQ’s. 

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