Medicare Advantage, also known as Medicare Part C, is a bundled alternative to Original Medicare. Private insurance companies that sell Medicare Advantage plans contract with the federal government to provide health insurance benefits to people who qualify...
The federal health care law known as the Affordable Care Act requires all Americans to have health insurance. For tax years before 2019, if you don't have health insurance, you must get an exemption from the requirement to buy coverage, or wind up paying
The term “identity theft” encompasses a broad range of methods of stealing other people’s information. However, it is common for a thief to target high-value information, such as a Social Security number, and use it to buy something, open an account, or commit fraud that involves imperso...
Self-employed income is usually subject to self-employment taxes for Medicare and Social Security. Or, you could increase the withholdings on your W-2 instead to help cover these additional taxes. What if a business fails to meet the 1099-NEC deadline? If your business fails to file a ...
Vishing is short for voice phishing and refers to the fraudulent use of phone calls and voice messaging services to convince someone to reveal sensitive data like their bank details, Social Security number, passwords, or other personal information. Like phishing attacks more generally, vishing attacks...
EHRs also play an integral role in the rollout of Meaningful Use. This is a Medicare/Medicaid program that mandates the use of EHR to improve and enhance patient outcomes and, subsequently, performance-based compensation. Similarly, EHRs are also MACRA friendly. MACRA is the latest regulation tha...
The security of patient data needs to be top of mind for healthcare organizations implementing RPM programs. Data must be stored in systems that allow access only to the people who need to view it. RPM reimbursements from the US Centers for Medicare & Medicaid Services increased 19-fold betwee...
The FICA tax rate is 7.65%since you withhold 6.2% of your employee’s wages for Social Security and 1.45% for Medicare. Both the employee and employer must pay FICA taxes since you match the employee’s 7.65% in FICA taxes when paying the federal government. ...
This is held each year from January 1 to March 31. You can enroll in Medicare Parts A and B at this time, but you’ll pay enrollment penalties. These plans typically begin July 1. Why Do I Have to Wait Two Years for Medicare?People under the age of 65 who receive Social Security ...
From 2014 through 2018 anyone who chooses not to pay for the cost of health insurance premiums, a penalty will be levied in one of two ways; the individual must pay whichever one is higher. The first one is a charge of 2.5 percent of the annual household income above the tax filing ...