760 IAC 1-60-5 Part-time and retired physicians

Sec. 5. (a) A physician who practices medicine on a part-time basis shall pay a reduced surcharge as follows: (1) A physician who practices medicine twelve (12) hours per week or less shall receive a credit equal to seventy-five percent (75%) of the surcharge amount. (2) A physician who practices medicine more than twelve (12) hours but less than twenty-five (25) hours per week shall receive a credit equal to fifty percent (50%) of the surcharge amount. (3) A physician who practices medicine twenty-five (25) to thirty-one (31) hours per week shall receive a credit equal to twenty-five percent (25%) of the surcharge amount. (b) Medical school faculty shall receive a credit equal to sixty-seven percent (67%) of the surcharge amount. As used in this subsection, "medical school faculty" means a physician engaged in research or teaching at a medical school as defined in IC 25-22.5-1-1.1(h). To be eligible for the credit, not more than thirty percent (30%) of the physician's time may be spent treating patients whose treatment is unrelated to the physician's duties at the medical school. (c) Newly licensed physicians shall receive a credit equal to fifty percent (50%) of the surcharge amount during their first year of practice and twenty-five percent (25%) during their second year. For purposes of this subsection, a physician is considered newly licensed for two (2) years after: (1) completion of a residency program or a fellowship program in their medical specialty; or (2) the fulfillment of a military obligation in remuneration for medical school tuition. (d) A physician participating in a fellowship program shall pay the following: (1) If the fellowship is full time and the physician is engaging in no other medical practice, the physician shall pay an annual surcharge equal to fifty percent (50%) of the surcharge due for the specialty class of the fellowship. (2) If the physician is engaging in a medical practice outside of the fellowship, the physician shall pay the greater of the following: (A) The full-time surcharge due for the medical practice outside of the fellowship. (B) Fifty percent (50%) of the surcharge due for the specialty class of the fellowship. For purposes of this subsection, "part-time" has the meaning described in subsection (a)(2). (e) A retired physician shall pay an annual surcharge in the amount of five hundred dollars ($500). (f) Not more than one (1) credit may be applied to a physician in any policy year.