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Should employers offering health benefits get tax credits?

Québec (65 per cent) Ontario (63 per cent) British Columbia (60 per cent) Atlantic Canada (59 per cent) Saskatchewan/Manitoba (58 per cent) Alberta (55 per cent) The same is true among different age groups: 60+ (66 per cent) 45 to 59 (59 per cent) 30 to 44 (61 per cent) 18 to 29 (59 per cent) A health spending account is among the top three features Canadians desire in a benefits plan, according to a previous RBC Insurance report. Employer-provided plan Currently, 64 per cent of Canadians have…
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Is Your Compliance Plan Protecting You?

Healthcare compliance plans are essential to ensure your practice is following the law. Your compliance plan can keep your practice out of trouble. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). A recent enforcement action highlights the need for an effective and updated compliance plan. A physician in Arkansas has been sentenced to 102 months of prison time and to pay over $4.63 million in restitution. Following release from prison, he will have three (3) years of supervised release.…
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Texas Ruling Strikes Down Crucial Affordable Care Act Policy – ​​NBC 6 South Florida

A federal judge in Texas struck down a crucial Affordable Care Act (ACA) policy Thursday that mandated that private health insurers fully cover preventive care services at no cost to patients. The ruling applies nationwide and took effect immediately thereby affecting dozens of possibly lifesaving preventive health care services that include screenings for cancer, diabetes and mental health. Free preventive care has been deemed by health experts as one of Obamacare’s most transformative policies because it essentially removed the financial barrier for the necessary care of tens of millions of Americans. In 2023, Florida is once again leading the nation…
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Ending medical coverage for the uninsured harms vulnerable people: OMA

Breadcrumb Trail Links Local News Published March 31, 2023 • Last updated 6 days ago • 3 minute read Rose Zacharias, president of the Ontario Medical Association, poses for a photo in Ottawa Friday. Zacharias said the organization is in talks with the government about extending a program to provide care to uninsured Ontarians. Photo by Tony Caldwell /POSTMEDIA Article content The Ontario Medical Association will continue to press the provincial government to reinstate a program that extends health coverage to people without insurance, its president Dr. Rose Zacharias has said. Advertisements 2 This advertisement has not been loaded yet,…
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My Loved One Passed Away – What Do I Need To Do?

Losing a loved one is incredibly hard. We help our clients with the administrative and legal aspects following the death of a loved one. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). When a loved one dies, there are many things to do and many are time sensitive. First, there are many practical items to consider. These may include: Finding care for any pets; Determining if there are funeral instructions, arrangements, or prepayments; Notifying family and friends; Preparing an…
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Are You Prepared for Russian Ransomware?

Recently, a health network in Pennsylvania was hacked by a Russian ransomware gang called BlackCat. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). BlackCat attacked a physician practice in Pennsylvania, but did not disrupt healthcare operations. A ransomware payment was demanded, but refused by the healthcare system. Sensitive information was accessed and the health system revealed the attack itself. Is your practice prepared for a potential attack? Does your staff know how to respond to a demand for ransomware?…
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What is a Power of Attorney?

Many of our clients have heard of the powers of attorney, but do not know what they actually entail. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). It is important to know that there are different types of powers of attorney, however, they are all legal documents that allow you to pick an agent or attorney-in-fact on your behalf. Powers of attorney allow another person to make financial, legal, and medical decisions for you, depending on the type. There…
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Health Insurance Tax Benefits For Small-Business Owners

Vlad Rusz is a CPA at Centaur Digital Corphelping busy business owners efficiently manage their accounting system. getty Most business owners would agree that health insurance premiums should be deductible. After all, when you work as an employee, you typically pay your health insurance premiums pre-tax. Luckily, the IRS agrees, and most business owners can deduct their health insurance premiums. However, for small-business owners, it’s not as simple as a deduction that shows up on their pay stubs since they might not have any. The following breakdown will explain the technicality of deducting health insurance premiums based on a business’s…