New Pricing Level for MIGA Insurance

MIGA have announced a new pricing level for midwifery indemnity insurance. This price level was created in response to midwives requesting a lower premium for part time practices. While the premium is still out of the reach of midwives only attending a few women a year - it does make the product more affordable. 

The next step will be to see if they change the way they calculate the premium which is currently based on a 'per woman' basis. At the moment if I see one woman from the beginning of pregnancy through to 6 weeks after the birth - that woman is counted as one but if I see one woman for one postnatal visit (for example) - that woman is also counted as one. So 40 postnatal visits would be counted as 40 woman and the maximum premium needs to be paid. The way the Department of Health and Aging set the way insurance is structured for midwives doesn't reflect the way midwives work.