Financial Resources
Financial Resources
Premium Deferment and Other Support from COPIC
NMA-Endorsed Medical Liability Insurance Carrier COPIC is committed to supporting NMA and its members during this time. One of the ways COPIC is doing this is by lessening the financial impact of COVID-19 for its policyholders.
- COPIC policyholders have the option of deferring their premium payments until September 1, 2020.
- The deferment option is available for both new and existing policyholders, including those who choose to switch their coverage to COPIC midterm.
- No late payment or finance charges.
In addition, COPIC policyholders have direct access to expert support to help navigate COVID-19 challenges through its Legal and HR Helplines, as well as a 24/7 Risk Management Hotline, which connects you with an experienced physician. COPIC has also set up a COVID-19 Physician Program policy that will provide temporary liability coverage that can be accessed by existing policyholders who have a need. Contact your current agent or contact Kristin Stepien at 800-421-1834 x 6186 + kstepien@copic.com.
Telehealth Program Funding Opportunity from FCC
The Federal Communications Commission's (FCC) Wireline Competition Bureau is now accepting applications for the COVID-19 Telehealth Program. The COVID-19 Telehealth Program will provide immediate support to eligible health care providers responding to the COVID-19 pandemic by fully funding their telecommunications services, information services, and devices necessary to provide critical connected care services until the program's funds have been expended or the COVID-19 pandemic has ended. The FCC also released a webinar for this program. This video walks through the application process for the FCC's COVID-19 Telehealth Program online application portal and provides answers to frequently asked questions regarding the process. For more information, go to https://www.fcc.gov/covid-19-telehealth-program.
4-9-2020 Treasury and Federal Reserve Board Announce New and Expanded Lending Programs to Provide up to $2.3 Trillion in Financing
READ FULL PRESS RELEASE. For more information and Treasury Department updates on program implementation under the CARES Act, visit www.Treasury.gov/CARES.
Federal COVID-19 Financial Assistance
The NMA has compiled information specific to the COVID-19 financial assistance that is currently available including the eligibility, loan details, and direct links to apply.
Navigating Resources to Temporarily Reduce Clinic Staff Webinar (4-6-2020)
The NMA partnered with Cline Williams law firm to provide a webinar for physicians on how to navigate the potential temporary reduction in clinic staff or closures. Many of you had inquired about how to handle FMLA, paid leave, insurance, etc. during this very uncertain time. Presenters included Michael Pallesen, Jill Jensen, and Henry Wiedrich.
