Navigation Links
Riverside Health System Announces $1 Million Incentive Program For Small Businesses to Offer Insurance Coverage for Employees
Date:9/24/2008

NEWPORT NEWS, Va., Sept. 24 /PRNewswire-USNewswire/ -- A leading nonprofit health care provider, Riverside Health System, is making $1 million in funding available to create incentives for small businesses in eastern Virginia to begin offering health insurance to their employees.

One million Virginians -- 15 percent of the state's population -- don't have health insurance. Two-thirds of uninsured Virginians are in working families; many are employed by small business that can't afford to provide health insurance. Over the past year, Riverside has been seeking innovative solutions to decrease this number.

"Paying for health insurance is particularly difficult for small businesses that often employ lower income workers," said Marilyn B. Tavenner, state Secretary of Health and Human Services. "That's why Governor Kaine tasked his Health Reform Commission with providing recommendations to cover more Virginians."

The 2007 Governor's Health Reform Commission Final Report highlights the need to make insurance more affordable for low income workers, defined as those earning less than 200 percent of the federal poverty level. It suggested a "Three-Sharing Financing Model," in which employers, employees and the Commonwealth each contribute toward monthly health insurance premiums.

A pilot program was proposed in the Governor's budget, but stalled in the General Assembly. When the Riverside Foundation found out the concept was stalling, it came forward with funding.

The pilot program, scheduled to begin this fall, is designed to provide premium assistance to low-income, uninsured workers employed by businesses of two to 50 employees. The program will target people at 200 percent of the poverty level or less who work for businesses that do not offer health insurance and have not offered it in the last six months.

Tavenner had hoped to reach 1,500 to 2,000 people and evaluate the program after two years.

"We are really excited that Riverside has stepped in and established this demonstration," she said.

Rick Pearce, president of the Riverside Health System offered this viewpoint from the nonprofit health care organization:

"We have developed a voluntary, market-based solution that does not cost the Commonwealth anything. The idea is to make available to those employees of small businesses earning less than the federal poverty level the same benefits as those who are fortunate to have health insurance," Pearce said.

"There are huge gaps with access to health care provided to different people, and the uninsured are often forgotten. We should be trying different approaches. I think it's very clear there are problems with what we're doing today and that there are opportunities to evaluate other solutions. I think the status quo is becoming less acceptable to more and more people," Pearce said.

Pearce added the hope that this project will demonstrate to the state that they should partner with businesses in the future to expand this program.

In an effort to develop unique solutions, the Riverside Health System Foundation will provide $1 million over two years to the program to be called Riverside Share. Funding was set based on the Foundation paying 1/3 of the monthly premium for an average Anthem Blue Cross and Blue Shield HMO contract. Anthem will partner with Riverside to provide the insurance plans for Riverside Share participants.

Eligible companies include businesses with 2-50 employees in the Riverside service area, which includes the cities of, Gloucester, Hampton, Newport News, Poquoson, Suffolk, Tappahannock, Smithfield, West Point, Williamsburg, Yorktown and portions of Chesapeake and Suffolk, along with the counties of Essex, Gloucester, Isle of Wight, James City, King and Queen, King William, Lancaster, Mathews, Middlesex, New Kent, Northumberland, Richmond and Surry.

Eligible businesses must not have offered health insurance to employees in the last six months and 75 percent of eligible employees must enroll. For example, employees of those eligible businesses who have a household income of less than $42,400 a year (2008 FPL level, family of four) are eligible to apply for the incentive.

Employee Eligibility Guidelines

Your income for your family size must not exceed the following maximum household income to be considered eligible for the Riverside Share Program:

SIZE OF FAMILY MAXIMUM HOUSEHOLD INCOME

1 $20,800

2 $28,000

3 $35,200

4 $42,400

5 $49,600

6 $56,800

7 $64,400

8 $71,200

Each Additional $ 7,200

Business owners may learn more about the program and its eligibility criteria by calling the Anthem Small Group Information Line Toll Free at 1-800-248-4158 and referencing Riverside Share program or by contacting their Anthem broker. Qualification and program information are also available at http://www.Riversideonline.com/share.

FOR MORE INFORMATION OR COMMENTARY CONTACT

Marilyn B. Tavenner

Secretary of Health and Human Services

Patrick Henry Building

1111 East Broad Street

Richmond, VA 23219

Phone: 804-786-7765

Sally Hartman

Vice President

Riverside Health System

1-757-875-5192

Sally.hartman@rivhs.com

Bud Ramey

Corporate Communications

Riverside Health System

1-757-534-7095

Bud.ramey@rivhs.com


'/>"/>
SOURCE Riverside Health System
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Global Med Technologies(R) Signs Agreement With Californias Century Old Riverside County Regional Medical Center
2. Riverside Partners Teams with Management to Acquire Innovative Product Achievements
3. New Medicare Equipment Bidding Program for Riverside, California Area is Rife with Errors, Says the American Association for Homecare
4. Berkery Noyes Represented The Riverside Company on the Sale of HCPro Holdings, Inc. to Halyard Capital, LLC
5. Susan G. Komen for the Cure, U.S. Congressman Pat Tiberi, Ohio Senator Tom Niehaus, and OhioHealth Riverside Breast Health Center Call for Action on Breast Cancer
6. Cogdell Spencer Announces a $100 Million Development at St. Lukes Riverside Outpatient Campus In Bethlehem, Pennsylvania
7. Riverside Partners Teams with Management to Acquire GEMCITY Engineering & Manufacturing
8. Riverside First to Offer New Treatment for Peripheral Arterial Disease
9. Presidential Debate Over Health Care Costs Highlights Need for Preventive Health Care
10. 27 National Nursing Organizations Join Together to Commission a Study of the Impact of Advanced Practice Registered Nurses on Healthcare Quality, Safety, and Effectiveness
11. American Heart Association Calls on Presidential Candidates to Adopt the Organizations New Principles on Healthcare Reform
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... February 09, 2016 , ... February is Heart Awareness ... Rate Variability scans throughout the month to the American Heart Association, New Mexico chapter. ... signs of heart disease and Health Quest’s INSiGHT Pulse Wave Profiler utilizes a non-invasive ...
(Date:2/9/2016)... ... February 09, 2016 , ... A new study ... rates and Medicare rates for a variety of medical services in Illinois as ... of the 2015 Fee Schedule Rates in Illinois, are professional medical services, ...
(Date:2/9/2016)... California (PRWEB) , ... February ... ... automated print and e-book publishing software, in partnership with Snowfall4pod Digital, creators ... – a comprehensive book publishing, content management, global distribution and print-on-demand network. ...
(Date:2/9/2016)... ... February 09, 2016 , ... Establishment Labs, a global breast implant ... to the company´s Board of Directors. , “We are honored to welcome ... exceptional entrepreneur.” said Juan Jose Chacon Quiros, CEO of Establishment Labs. "David’s knowledge and ...
(Date:2/9/2016)... ... ... Journal of Pain Research has published the commentary “ Terminology of chronic ... John F. Peppin says “Terminology matters, yet little attention has been paid to the ... pain’ and ‘chronic non-cancer pain’ are replete in the literature; however, the distinction here ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... Feb. 9, 2016  Jazz Pharmaceuticals plc (Nasdaq: ... 2015 fourth quarter and full year financial results on ... financial markets.  Company management will host a live audio ... p.m. GMT to discuss fourth quarter and full year ... update and guidance for 2016 financial results. ...
(Date:2/9/2016)... -- Amarantus BioScience Holdings, Inc. (OTCQB: ... Regenerative Medicine, Neurology and Orphan Diseases, today announced that ... Capital Group,s 2016 Disruptive Growth & Healthcare Conference which ... New York City . The Company,s presentation will ... pm by Gerald E. Commissiong , President & ...
(Date:2/9/2016)... "Global Blood Monitoring & Cardiac Monitoring Devices Market Assessment & Forecast: ... global market for blood monitoring & cardiac monitoring devices was valued ... US$ 24,830.1 million by 2019 at a CAGR of 6.8% from ... Europe , Asia-Pacific , ... Africa . The three major factors determining growth of ...
Breaking Medicine Technology: