As a Result of Continued Fiscal Strength, MLMIC Declares New Dividend
We’re pleased to let you know that MLMIC’s board has declared a new 20% general dividend for policyholders. The dividend – which will apply to policyholders who are insured on May 1, 2017, and maintain continuous coverage through July 1, 2017 – will be based upon the annual rate of premium in effect on May 1, 2017. It will provide meaningful financial relief to policyholders.
The board’s decision to declare this dividend is based on MLMIC’s statutory admitted assets of approximately %5.8 billion, a surplus of $1.9 billion and statutory net income of approximately $100 million. These figures, available in the company’s September 30, 2016, statutory financial statement, show the company’s overall financial condition remains sound.
The new dividend is separate and apart from MLMIC’s agreement to become part of the Berkshire Hathaway family of companies. That process takes a while and is on track to be completed by next year’s end. In the meantime, MLMIC’s strong financial performance enables it to offer a 20% dividend.
An overview of the September 30, 2016, statutory financial statement is available, and the full financial statement has been filed with New York State Department of Financial Services.
Healthcare Providers Required to Comply with “Non-Discrimination” Reporting Provisions by Mid-October
Members: Please click here for important information: SECTION 1557
PREPARING FOR MACRA
With changes to Medicare that come as a result of MACRA, the AMA has released new tools and resources to help physicians prepare. Included among the resources are the AMA Payment Model Evaluator and AMA STEPS Forward™
Click here to access these and many other resources: https://www.ama-assn.org/ama-introduces-new-tools-help-physicians-prepare-macra
Members can access more resources by visiting the Member Benefits & Practice Management tab under the “Member Resources” Section of this website.
NYS Department of Health Get Smart Guarantee Poster Now Available
As cold and flu season settles in, the New York State Department of Health (NYSDOH) offers you a way to demonstrate to patients your commitment to safe and appropriate antibiotic prescribing. As a participant in the Centers for Disease Control and Prevention’s (CDC) Get Smart: Know When Antibiotics Work campaign, NYSDOH would like to announce the Get Smart Guarantee poster is now available in print and electronic formats by clicking here: Antibiotic_Poster
Healthcare providers may be pressured by patients to prescribe antibiotics even when they have a viral infection. Displaying this poster in waiting or examination rooms sends a message to patients that antibiotics aren’t always appropriate. We hope the posters will help facilitate conversations with patients on the appropriate use of antibiotics. It also demonstrates your commitment to safe, effective prescribing.
Interim Care for Pain Management Patients
Click link below to access information developed for physicians and their medical practices: