The HITECH Act specifies that physicians can qualify for $44,000 or more in economic stimulus incentive payment for adopting and implementing a Certified EHR System.
Each practitioner in your medical practice can qualify for $44,000 in Medicare Incentives or $63,750 in Medicaid Incentives.
TYPES OF ELIGIBLE HEALTH CARE PROVIDERS
WHO CAN QUALIFY?
WHAT ARE THE PATIENT VOLUME REQUIREMENTS NECESSARY TO QUALIFY?
In order to qualify for an incentive payment under the Medicaid EMR Incentive Program, eligible providers must meet one of the following criteria:
As a small business owner you can make available multiple health and dental plans at a variety of price points to meet your employee's needs, and select an effective date of coverage that works best for your business.
The average single premium for small businesses purchasing through the Exchange will be about 21 percent lower than the average single premium in the small employer market today (excluding Healthy New York).
The Exchange is an organized marketplace where consumers and small businesses shop for coverage in a way that allows them to easily compare health plan options on benefits, services, price and quality, and to receive tax credits.
Sector-Wide Health represents licensed health insurance agents, brokers and benefit professionals who serve the health insurance needs of employers seeking health insurance coverage for themselves and their employees.
Small businesses will also receive $220 million in tax benefits and help managing their employee health benefits The Exchange will handle premium payments for employers so they can offer their employees a choice of plans without having to manage multiple accounts.
Tax Benefits: Participation in the Marketplace provides access to the Small Business Health Care Tax Credit for qualified employers that can cover as much as 50% of the your contribution toward employee premium cost.
Beginning 2015 the tax credit is available only for plans purchased through SHOP
Small businesses with less than 25 full-time equivalent employees will be able to apply for tax credits to cover up to 50% of premium costs of low to moderate wage employees. Small business tax credits are retroactive since 2010 and can be applied for by hand with the help of an agent.
Defined Contribution: The Small Business Marketplace gives business owners the flexibility to define the coverage tier and the contribution level. You can choose a contribution level that works for you, and your employees can choose a plan that works for them.
Administrative Simplicity for Employers: One account, online enrollment and one monthly bill means relief for you and your small business from the burdensome administrative aspects of providing health insurance coverage.
You can receive information and enrollment assistance from trained and certified brokers, agents and navigators.
For more information regarding consultation services call +1 646-588-1122
A popular employee benefit for both employers and employees is life insurance. Offering it is completely optional but worth considering if you and your employees can benefit from the possible lower rates of insuring a group. Unlike individual policies, employer-sponsored plans often don’t require that applicants pass a physical exam, and group life insurance is relatively easy to convert to an individual policy when an employee leaves a company.
Group life insurance rates are based on a number of factors, including:
Group life insurance premiums are considerably lower than premiums for individual life insurance policies, mainly because group life insurance is much less risky for the insurance company. Insurance companies base group life premiums on the overall risk of the company or group.
For most companies, the risk factor is low — everyone in a company is not likely to die at once. In fact, due to turnover, the chance that anyone will die while working at your company is relatively small. And since group life insurance is typically bundled with group health insurance, the insurance company’s sales and administrative costs are minimal.
If you're considering including life insurance in your employee benefit package you will have several coverage issues to consider, including whom to cover and the type and amount of coverage to offer. The next step will require finding the right fit and making sure the plan is properly administered.
For more information on consultation services, please call a Sector-Wide Health representative at +1 646-588-1122
A guide on how to successfully complete the Meaningful Use Incentive Program as required by the government, to receive the full incentive payment of $63,750.
Sector-Wide Health professionals are the experts to help your small practice realize optimal revenue potential.
Using proven strategies, we’re here to help primary care providers in the community stay strong and viable to continue serving the inner communities of our nation. Utilizing government grants, process, enhancements, billing and management options, we work with you to define the road map.
Sector-Wide Health professionals are the experts able to transition your organization into the modern era. By coordinating with team leaders, we pinpoint, and highlight inefficiencies in the organization. We then research and evaluate a suitable software able to mitigate the issue. This allows your organization to become streamline and help it achieve optimal revenue potential. Our services include but do notlimit:
We specialize in corporation wide technological implementation, with a small boutique style attention to detail.
Please get in touch - We'll get back to you as soon as we can.
Address: 1231 Lafayette Avenue 2nd Floor Bronx, NY 10474
Phone: (+1) 646 588 1122
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