2011 Assessment - 13%
ASSESSMENT RATE UPDATE (September 28, 2015)
The annual assessment rate for 2011 has been updated from 19% to 13%
. This is as a result of the implementation of the lawsuit settlement
. Please begin to use the new lowered assessment rate documents as soon as possible.
This 2011 Mcare Assessment Manual ("Manual") is intended to assist in calculating Mcare assessments pursuant to Act 13 of 2002.
- Cancellations and Endorsements: Update of the exceptions to the no credit rule as found on page 11.
Exhibit 1 Rates for 2011 Individual Health Care Providers - Published 9.28.2015Exhibit 2 Rates for 2011 Hospitals, Nursing Homes and Primary Health Care Centers
When submitting coverage for 2011, please use the new lower assessment rates available in the following Form e-216:
- Exhibit 6A Hospital Roster - Discontinued as of 11.15.16
IMPORTANT PROCESSING UPDATE - ELECTRONIC SUBMISSIONS:
Electronic submission of Excel type e-216 is the preferred method of reporting basic professional liability insurance coverage to Mcare. No longer is a hardcopy 216 required when submitting your e-216 with or without payment. This applies to all submissions, regardless of the assessment year or run date
. The e-216 must be sent to the following e-mail address email@example.com
Payment must be sent to Mcare on or about the same time as the e-216 is e-mailed, but within 60 days of the effective date. For complete details, please refer to Section I of the 2011 Assessment Manual.
- The standard for submitting new and renewal business to Mcare is to do so electronically via Form e-216, or one of the other two approved formats listed in the manual. Submitting electronically increases Mcare's ability to process coverage information and payment in a more efficient and expeditious manner.
- This form is to be used by basic professional liability insurance carriers and approved self-insurers for summarizing surcharges/assessments collected, payable and refundable. Except for an approved self-insured health care provider, a health care provider may not complete this form.
- All payments due, should be received by Mcare within 60 days from the effective date of coverage, cancellation or endorsement.
Please refer to 2011 Assessment Manual for tail rating information.
Laws, Regulations, Statements of Policy and Notices
to access Laws, Regulations, Statements of Policy and Notices that may assist your understanding and reporting of Mcare coverage and/or claims.
ASSESSMENT PAYMENT OPTION AVAILABLE
Mcare will accept assessment payments through an electronic funds transfer (EFT) payment process. The EFT may be a wire transfer or an ACH. The EFT process provides Mcare and primary insurers another payment method, as an alternative to a paper check. We request the use of EFTs when assessment payments are made.
To learn more about this new payment option and the minimum standards, please send an email
to Mcare’s Fiscal Unit expressing your interest. We will have an Mcare representative call you to explain the program.