Your Membership fee

Fee changes from 1 July 2023

In response to the rise in the cost of providing member protection, support, and advice across the industry, we have updated our fee structure this year. As a result, individual membership fees may have changed. 

Please email our Member Services team at if you would like to discuss your Member Benefit Statement.

How we calculate your individual membership fee

As a member-owned not-for-profit organisation, we use a primarily risk-based approach to calculate membership fees, and work hard to keep them as low as possible. Your individual membership fee will be based on your membership details, which means your fee responds to how your practice changes over time. 

See your Member Benefit Statement for your individual membership details for the current and three prior membership periods. The factors we consider in our calculation are: 

  • your category (eg General surgery; Dentist; Psychiatry) 
  • your practice basis (eg Employer indemnified; Recent graduate)
  • your estimated annual gross billings and/or salary for practice that is not employer indemnified
  • whether your type of practice requires an endorsement (eg Minor cosmetic services; Spinal surgery; Bariatric surgery)
  • the state/territory you practise in
  • your retroactive cover date
  • any loadings including a risk surcharge. If applicable, the risk surcharge will be included in accordance with the ‘Medical Indemnity Act 2002 (Cth)’.

A minimum membership fee may apply.

Your membership fee is individually calculated based on the information you provide about the nature and length of your practice. 

This approach ensures that your fee reflects the contribution required to appropriately support and cover the risk to indemnify you. As your practice changes and develops, so does your membership fee. If you have recently commenced practice that in not indemnified by your employer (or moved to a higher risk practice classification), your membership fee may change. 

You can expect to see a stepped increase in your membership fee each subsequent membership period until you reach the ‘mature’ rate. If you move from a high-risk classification to a low-risk classification, the reverse will happen.  

Reaching the mature annual fee 

Each year, a stepped increase (or decrease) will be applied to your membership fee until your membership details reflect the same classification (and location) for the current and three prior membership periods, after which time you will pay the mature annual fee.

Mature rate pricing image

Does MIPS ‘price match’ or discount? 

As a not-for profit- we believe that our risk assessment approach leads to member being charged with a fair membership fee.

On this basis, MIPS does not price match or discount as we charge what we have calculated as the appropriate contribution required to cover your member benefits including the risk arising from both current and past practice.

We recommend you contact MIPS to ensure your membership classification is appropriate for the practice you undertake. Any adjustments to your current or past practice details may result in an adjustment to your membership fee.

If you need to request a revised quote or require any assistance contact MIPS on 1800 061 113 or

Government support with fees

You may be eligible for the Australian Government’s Premium Support Scheme (PSS), which is designed to help eligible doctors with the costs of their medical indemnity insurance. For more details, visit our PSS page here.

The Australian Government also offers a Run-off Cover Scheme (ROCS) – see more information about this at the ROCS FAQ at or on our ROCS page here.

How to pay your membership fee

Your membership fee can be paid in full by the due date, or in 10 monthly direct debit instalments. To opt in for direct debit, complete the Direct Debit Instalment Request at


Log in to pay your fee


Insurance cover is subject to the terms, conditions, and exclusions of the policy. The information provided is general advice only and does not consider your personal circumstances or needs. You should review the Member Handbook Combined PDS and FSG and/or contact MIPS on 1800 061 113, before making a decision. Information is current as at the date published.