On March 5, 2021, PRISM’s Board of Directors approved offering Individual Member Corridor Deductibles (IMCDs) in the GL1 Program. What is an IMCD you ask? An IMCD is a risk financing tool that allows members to retain an aggregated or limited amount of risk above a member’s Self-Insured Retention (SIR) in exchange for a premium discount.
Read more about how IMCDs work and the options made available by the Board of Directors. If you are interested in being approved for an IMCD option or have additional questions, please reach out to the Underwriting Department at 916-850-7300. We also recommend consulting with your actuary regarding IMCD options.