SlideShare a Scribd company logo
1 of 1
Download to read offline
Keeping Your Business Informed and Prepared
Risk Management Bulletin
Kansas House Bill 2516
Affects PAs, APRNs & Nursing Homes
In October 2012 the Kansas Supreme Court upheld the constitutionality of the $250,000 cap on non-economic,
medical malpractice damages (pain and suffering) originally enacted in 1988. Representatives of various Kansas
healthcare industry associations became concerned that the ruling implied Kansas health care providers could
only be protected by the cap if they participated in the Kansas Health Care Stabilization Fund (HCSF). In order
to address this concern and ensure the availability of quality health care for Kansas residents House Bill 2516
(HB2516) was signed into law on July 1, 2014 to become effective January 1, 2015.
This bill contains several amendments one of which broadens the definition of a health care provider to include
Physician Assistants (PA) Advanced Practice Registered Nurse (APRN), assisted living facilities, nursing facilities,
and residential health care facilities.
As newly defined health care providers these individuals and entities will be required to maintain medical
professional liability coverage from a licensed insurer in the state of Kansas and pay into the Kansas Health Care
Stabilization Fund. The law applies to any defined health care provider with an active Kansas license regardless of
whether or not they practice in the state. However, compliance with the Kansas Health Care Stabilization Fund
varies depending on state residency.
The insurance policy must provide minimum coverage limits of $200,000 per claim with an annual aggregate total
limit of $600,000 coverage. The health care providers are also required to select one of three options for additional
coverage via the HCSF. Those options are: $100,000 per claim with $300,000 annual aggregate, $300,000 per
claim with $900,000 annual aggregate, or $800,000 per claim with $2,400,000 annual aggregate. The deadline for
compliance is January 1, 2015.
This bill also allows insurance carriers to offer a wider spectrum of insurance products to address emerging liability
trends. Professional liability insurance carriers are quickly responding to the new law by filing premium rates and
policy terms with the Kansas Insurance Commissioner’s office. Insureds will want to confirm that any current
coverage they may have is in compliance with the January 1, 2015 law. If not they will need to seek new coverage.
As of this date the Kansas Health Care Stabilization Fund is not planning to extend prior acts coverage for services
rendered prior to January 1, 2015. Those health care providers currently practicing in Kansas with a claims made
professional liability insurance policy will need to make arrangements to cover prior acts from services rendered
before the date of their new coverage. Most insurance carriers will offer “tail” coverage to close the coverage gap.
For additional information or to secure a firm coverage quote contact Dan Bukaty at 913-647-3946 or email
dbukaty@bukatyagency.com.
Bukaty Companies
11221 Roe Ave., Ste. 200 | Leawood, KS 66211
Phone: 913.951.2400 | Toll-Free: 888.657.0440
www.bukatyagency.com

More Related Content

What's hot

https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...
https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...
https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...Jessica Parker
 
Despite court's ruling on Affordable Care Act, expect new debate in Nevada
Despite court's ruling on Affordable Care Act, expect new debate in NevadaDespite court's ruling on Affordable Care Act, expect new debate in Nevada
Despite court's ruling on Affordable Care Act, expect new debate in Nevadaproudposterity162
 
Understanding the concept of non subscribers in connection with workers’ comp...
Understanding the concept of non subscribers in connection with workers’ comp...Understanding the concept of non subscribers in connection with workers’ comp...
Understanding the concept of non subscribers in connection with workers’ comp...mosmedicalreview
 
Health insurance- insurance products-individual and family floater
Health insurance- insurance products-individual and family floaterHealth insurance- insurance products-individual and family floater
Health insurance- insurance products-individual and family floaterAnita Parmar
 
Health Care Reform Developments Week of March 9, 2015[1]
Health Care Reform Developments Week of March 9, 2015[1]Health Care Reform Developments Week of March 9, 2015[1]
Health Care Reform Developments Week of March 9, 2015[1]Annette Wright, GBA, GBDS
 
THE CORONAVIRUS STIMULUS BILL
THE CORONAVIRUS STIMULUS BILLTHE CORONAVIRUS STIMULUS BILL
THE CORONAVIRUS STIMULUS BILLSlideGenius, Inc.
 
Health Reform Bulletin 128 | House Passes the American Health Care Act
Health Reform Bulletin 128 | House Passes the American Health Care ActHealth Reform Bulletin 128 | House Passes the American Health Care Act
Health Reform Bulletin 128 | House Passes the American Health Care ActCBIZ, Inc.
 
Massachusetts repeals its employer health care mandate
Massachusetts repeals its employer health care mandateMassachusetts repeals its employer health care mandate
Massachusetts repeals its employer health care mandateAnnette Wright, GBA, GBDS
 
Got Health Insurance? Libraries and the Affordable Care Act (ACA)
Got Health Insurance?  Libraries and the Affordable Care Act (ACA)Got Health Insurance?  Libraries and the Affordable Care Act (ACA)
Got Health Insurance? Libraries and the Affordable Care Act (ACA)Lake County (IN) Public Library
 
Health Insurance 2009
Health Insurance 2009Health Insurance 2009
Health Insurance 2009pboyle50
 
Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...
Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...
Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...Floyd Arthur
 
MSP Elearn December 2014 (3)
MSP Elearn December 2014 (3)MSP Elearn December 2014 (3)
MSP Elearn December 2014 (3)David Farber
 
Affordable Care Act hcs 410
Affordable Care Act hcs 410Affordable Care Act hcs 410
Affordable Care Act hcs 410Katelyn Lutz
 
Changes To Medicaid And Medicare Under Ppaca
Changes To Medicaid And Medicare Under PpacaChanges To Medicaid And Medicare Under Ppaca
Changes To Medicaid And Medicare Under PpacaRichard Krasner, MA, MHA
 
NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.
NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.
NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.Paul Gross
 
COVID 19-Related Liability Protections for Healthcare Providers
COVID 19-Related Liability Protections for Healthcare ProvidersCOVID 19-Related Liability Protections for Healthcare Providers
COVID 19-Related Liability Protections for Healthcare Providersmosmedicalreview
 
Helping Job Hunters Navigate Their Health Insurance Options
Helping Job Hunters Navigate Their Health Insurance OptionsHelping Job Hunters Navigate Their Health Insurance Options
Helping Job Hunters Navigate Their Health Insurance Optionsdpomer99
 
News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...
News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...
News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...Annette Wright, GBA, GBDS
 
Health Insurance in Fort Worth May Be Expendable As Senate Bill Fails to Pass
Health Insurance in Fort Worth May Be Expendable As Senate Bill Fails to PassHealth Insurance in Fort Worth May Be Expendable As Senate Bill Fails to Pass
Health Insurance in Fort Worth May Be Expendable As Senate Bill Fails to Passjthorn4
 

What's hot (19)

https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...
https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...
https://www.medicalbillersandcoders.com/blog/ambulance-transport-waiver-cost-...
 
Despite court's ruling on Affordable Care Act, expect new debate in Nevada
Despite court's ruling on Affordable Care Act, expect new debate in NevadaDespite court's ruling on Affordable Care Act, expect new debate in Nevada
Despite court's ruling on Affordable Care Act, expect new debate in Nevada
 
Understanding the concept of non subscribers in connection with workers’ comp...
Understanding the concept of non subscribers in connection with workers’ comp...Understanding the concept of non subscribers in connection with workers’ comp...
Understanding the concept of non subscribers in connection with workers’ comp...
 
Health insurance- insurance products-individual and family floater
Health insurance- insurance products-individual and family floaterHealth insurance- insurance products-individual and family floater
Health insurance- insurance products-individual and family floater
 
Health Care Reform Developments Week of March 9, 2015[1]
Health Care Reform Developments Week of March 9, 2015[1]Health Care Reform Developments Week of March 9, 2015[1]
Health Care Reform Developments Week of March 9, 2015[1]
 
THE CORONAVIRUS STIMULUS BILL
THE CORONAVIRUS STIMULUS BILLTHE CORONAVIRUS STIMULUS BILL
THE CORONAVIRUS STIMULUS BILL
 
Health Reform Bulletin 128 | House Passes the American Health Care Act
Health Reform Bulletin 128 | House Passes the American Health Care ActHealth Reform Bulletin 128 | House Passes the American Health Care Act
Health Reform Bulletin 128 | House Passes the American Health Care Act
 
Massachusetts repeals its employer health care mandate
Massachusetts repeals its employer health care mandateMassachusetts repeals its employer health care mandate
Massachusetts repeals its employer health care mandate
 
Got Health Insurance? Libraries and the Affordable Care Act (ACA)
Got Health Insurance?  Libraries and the Affordable Care Act (ACA)Got Health Insurance?  Libraries and the Affordable Care Act (ACA)
Got Health Insurance? Libraries and the Affordable Care Act (ACA)
 
Health Insurance 2009
Health Insurance 2009Health Insurance 2009
Health Insurance 2009
 
Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...
Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...
Wisconsin medical malpractice fund has surplus of nearly 800 million by Floyd...
 
MSP Elearn December 2014 (3)
MSP Elearn December 2014 (3)MSP Elearn December 2014 (3)
MSP Elearn December 2014 (3)
 
Affordable Care Act hcs 410
Affordable Care Act hcs 410Affordable Care Act hcs 410
Affordable Care Act hcs 410
 
Changes To Medicaid And Medicare Under Ppaca
Changes To Medicaid And Medicare Under PpacaChanges To Medicaid And Medicare Under Ppaca
Changes To Medicaid And Medicare Under Ppaca
 
NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.
NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.
NO MORE FOOLING AROUND. IT'S TIME FOR SERIOUS HEALTH REFORM.
 
COVID 19-Related Liability Protections for Healthcare Providers
COVID 19-Related Liability Protections for Healthcare ProvidersCOVID 19-Related Liability Protections for Healthcare Providers
COVID 19-Related Liability Protections for Healthcare Providers
 
Helping Job Hunters Navigate Their Health Insurance Options
Helping Job Hunters Navigate Their Health Insurance OptionsHelping Job Hunters Navigate Their Health Insurance Options
Helping Job Hunters Navigate Their Health Insurance Options
 
News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...
News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...
News Flash November 15, 2013—Temporary Exemption from 2014 PPACA Requirements...
 
Health Insurance in Fort Worth May Be Expendable As Senate Bill Fails to Pass
Health Insurance in Fort Worth May Be Expendable As Senate Bill Fails to PassHealth Insurance in Fort Worth May Be Expendable As Senate Bill Fails to Pass
Health Insurance in Fort Worth May Be Expendable As Senate Bill Fails to Pass
 

Viewers also liked

pattern allownaces
pattern allownacespattern allownaces
pattern allownacesAkash Patel
 
MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS
MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS
MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS Jagadeesha Thimmaiah
 
Metallurgy Casting
Metallurgy  CastingMetallurgy  Casting
Metallurgy CastingMoiz Barry
 
TALAT Lecture 3207: Solidification Defects in Castings
TALAT Lecture 3207: Solidification Defects in CastingsTALAT Lecture 3207: Solidification Defects in Castings
TALAT Lecture 3207: Solidification Defects in CastingsCORE-Materials
 
Mould gating system for foundry and metal casting
Mould gating system for foundry and metal castingMould gating system for foundry and metal casting
Mould gating system for foundry and metal castingVaibhav Girdhar
 
metallurgical properties of casting materials
metallurgical properties of casting materialsmetallurgical properties of casting materials
metallurgical properties of casting materialsDeepa jinan
 
Avoid turbulent entrainment
Avoid turbulent entrainmentAvoid turbulent entrainment
Avoid turbulent entrainmentSateesh Kumar
 
TYPES OF PATTERN AND ITS APPLICATION
TYPES OF PATTERN AND ITS APPLICATIONTYPES OF PATTERN AND ITS APPLICATION
TYPES OF PATTERN AND ITS APPLICATIONPraveen Kumar
 
GATING SYSTEM IN CASTING
GATING SYSTEM IN CASTINGGATING SYSTEM IN CASTING
GATING SYSTEM IN CASTINGVivek Tyagi
 

Viewers also liked (10)

pattern allownaces
pattern allownacespattern allownaces
pattern allownaces
 
MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS
MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS
MANUFACTURING SCIENCE S5ME -NITC-2016-SUBTOPICS
 
Metallurgy Casting
Metallurgy  CastingMetallurgy  Casting
Metallurgy Casting
 
TALAT Lecture 3207: Solidification Defects in Castings
TALAT Lecture 3207: Solidification Defects in CastingsTALAT Lecture 3207: Solidification Defects in Castings
TALAT Lecture 3207: Solidification Defects in Castings
 
Mould gating system for foundry and metal casting
Mould gating system for foundry and metal castingMould gating system for foundry and metal casting
Mould gating system for foundry and metal casting
 
metallurgical properties of casting materials
metallurgical properties of casting materialsmetallurgical properties of casting materials
metallurgical properties of casting materials
 
Avoid turbulent entrainment
Avoid turbulent entrainmentAvoid turbulent entrainment
Avoid turbulent entrainment
 
Welding metallurgy
Welding metallurgyWelding metallurgy
Welding metallurgy
 
TYPES OF PATTERN AND ITS APPLICATION
TYPES OF PATTERN AND ITS APPLICATIONTYPES OF PATTERN AND ITS APPLICATION
TYPES OF PATTERN AND ITS APPLICATION
 
GATING SYSTEM IN CASTING
GATING SYSTEM IN CASTINGGATING SYSTEM IN CASTING
GATING SYSTEM IN CASTING
 

Similar to KS House Bill 2516

Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...
Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...
Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...CBIZ, Inc.
 
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...CBIZ, Inc.
 
SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...
SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...
SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...Katherine Swartz Hilton
 
Obama care lfie guide outline revised
Obama care lfie guide outline revisedObama care lfie guide outline revised
Obama care lfie guide outline revisedDuaine Owings
 
Health Care Reform in the United States
Health Care Reform in the United StatesHealth Care Reform in the United States
Health Care Reform in the United StatesCraig B. Garner
 
ACA Connections Article
ACA Connections ArticleACA Connections Article
ACA Connections ArticleDavid Deaton
 
Essential Health Benefits Under the ACA
Essential Health Benefits Under the ACAEssential Health Benefits Under the ACA
Essential Health Benefits Under the ACASymbius Medical
 
Walkercare vs Obamacare: Which Do You Choose?
Walkercare vs Obamacare: Which Do You Choose?Walkercare vs Obamacare: Which Do You Choose?
Walkercare vs Obamacare: Which Do You Choose?Kevin Kane
 
Centers for Medicare and Medicaid Services.docx
Centers for Medicare and Medicaid Services.docxCenters for Medicare and Medicaid Services.docx
Centers for Medicare and Medicaid Services.docx4934bk
 
FOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docx
FOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docxFOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docx
FOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docxkeugene1
 
StudentProfessor English 102March 6, 2016Toulmin Argu.docx
StudentProfessor English 102March 6, 2016Toulmin Argu.docxStudentProfessor English 102March 6, 2016Toulmin Argu.docx
StudentProfessor English 102March 6, 2016Toulmin Argu.docxflorriezhamphrey3065
 
Frequently asked questions about Obamacare
Frequently asked questions about ObamacareFrequently asked questions about Obamacare
Frequently asked questions about Obamacareexchangeenvoy
 
Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12jpclex75
 
Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12jpclex75
 

Similar to KS House Bill 2516 (20)

Healthcare Reform - R Bays
Healthcare Reform - R BaysHealthcare Reform - R Bays
Healthcare Reform - R Bays
 
Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...
Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...
Health Reform Bulletin 133 | Executive Order Directing Modifications to the A...
 
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...
Health Reform Bulletin 125 | Updated Employer Shared Responsibility Guidance,...
 
Healthcare reform
Healthcare reformHealthcare reform
Healthcare reform
 
SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...
SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...
SC Hospital Association Presentation: Health Care Reform - What Does It Mean ...
 
Washington Update
Washington UpdateWashington Update
Washington Update
 
Obama care lfie guide outline revised
Obama care lfie guide outline revisedObama care lfie guide outline revised
Obama care lfie guide outline revised
 
Flowchart
FlowchartFlowchart
Flowchart
 
Health Care Reform in the United States
Health Care Reform in the United StatesHealth Care Reform in the United States
Health Care Reform in the United States
 
Implementing the Affordable Care Act in New Jersey, March 2011
Implementing the Affordable Care Act in New Jersey, March 2011Implementing the Affordable Care Act in New Jersey, March 2011
Implementing the Affordable Care Act in New Jersey, March 2011
 
ACA Connections Article
ACA Connections ArticleACA Connections Article
ACA Connections Article
 
Essential Health Benefits Under the ACA
Essential Health Benefits Under the ACAEssential Health Benefits Under the ACA
Essential Health Benefits Under the ACA
 
Walkercare vs Obamacare: Which Do You Choose?
Walkercare vs Obamacare: Which Do You Choose?Walkercare vs Obamacare: Which Do You Choose?
Walkercare vs Obamacare: Which Do You Choose?
 
Centers for Medicare and Medicaid Services.docx
Centers for Medicare and Medicaid Services.docxCenters for Medicare and Medicaid Services.docx
Centers for Medicare and Medicaid Services.docx
 
FOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docx
FOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docxFOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docx
FOCUS Health ReformonTHE HENRY J. KAISER FAMILY FOUNDATION.docx
 
StudentProfessor English 102March 6, 2016Toulmin Argu.docx
StudentProfessor English 102March 6, 2016Toulmin Argu.docxStudentProfessor English 102March 6, 2016Toulmin Argu.docx
StudentProfessor English 102March 6, 2016Toulmin Argu.docx
 
Acanewrr
AcanewrrAcanewrr
Acanewrr
 
Frequently asked questions about Obamacare
Frequently asked questions about ObamacareFrequently asked questions about Obamacare
Frequently asked questions about Obamacare
 
Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12
 
Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12Health Care Reform Timeline 11 28 12
Health Care Reform Timeline 11 28 12
 

More from Dan Bukaty

DOL Final Rule Salary Requirements
DOL Final Rule Salary RequirementsDOL Final Rule Salary Requirements
DOL Final Rule Salary RequirementsDan Bukaty
 
Work Comp Claims Reduction Strategies
Work Comp Claims Reduction StrategiesWork Comp Claims Reduction Strategies
Work Comp Claims Reduction StrategiesDan Bukaty
 
Umbrella Bulletin
Umbrella BulletinUmbrella Bulletin
Umbrella BulletinDan Bukaty
 
OSHA Recordkeeping
OSHA RecordkeepingOSHA Recordkeeping
OSHA RecordkeepingDan Bukaty
 
Ohio Stop Gap Bulletin
Ohio Stop Gap BulletinOhio Stop Gap Bulletin
Ohio Stop Gap BulletinDan Bukaty
 
Non-Owned Auto Liability
Non-Owned Auto LiabilityNon-Owned Auto Liability
Non-Owned Auto LiabilityDan Bukaty
 
Negligent Entrustment
Negligent EntrustmentNegligent Entrustment
Negligent EntrustmentDan Bukaty
 
KS Sole Proprietor Work Comp Exclusion
KS Sole Proprietor Work Comp ExclusionKS Sole Proprietor Work Comp Exclusion
KS Sole Proprietor Work Comp ExclusionDan Bukaty
 
Hired Auto Liability
Hired Auto LiabilityHired Auto Liability
Hired Auto LiabilityDan Bukaty
 
Fiduciary Liability
Fiduciary LiabilityFiduciary Liability
Fiduciary LiabilityDan Bukaty
 

More from Dan Bukaty (10)

DOL Final Rule Salary Requirements
DOL Final Rule Salary RequirementsDOL Final Rule Salary Requirements
DOL Final Rule Salary Requirements
 
Work Comp Claims Reduction Strategies
Work Comp Claims Reduction StrategiesWork Comp Claims Reduction Strategies
Work Comp Claims Reduction Strategies
 
Umbrella Bulletin
Umbrella BulletinUmbrella Bulletin
Umbrella Bulletin
 
OSHA Recordkeeping
OSHA RecordkeepingOSHA Recordkeeping
OSHA Recordkeeping
 
Ohio Stop Gap Bulletin
Ohio Stop Gap BulletinOhio Stop Gap Bulletin
Ohio Stop Gap Bulletin
 
Non-Owned Auto Liability
Non-Owned Auto LiabilityNon-Owned Auto Liability
Non-Owned Auto Liability
 
Negligent Entrustment
Negligent EntrustmentNegligent Entrustment
Negligent Entrustment
 
KS Sole Proprietor Work Comp Exclusion
KS Sole Proprietor Work Comp ExclusionKS Sole Proprietor Work Comp Exclusion
KS Sole Proprietor Work Comp Exclusion
 
Hired Auto Liability
Hired Auto LiabilityHired Auto Liability
Hired Auto Liability
 
Fiduciary Liability
Fiduciary LiabilityFiduciary Liability
Fiduciary Liability
 

KS House Bill 2516

  • 1. Keeping Your Business Informed and Prepared Risk Management Bulletin Kansas House Bill 2516 Affects PAs, APRNs & Nursing Homes In October 2012 the Kansas Supreme Court upheld the constitutionality of the $250,000 cap on non-economic, medical malpractice damages (pain and suffering) originally enacted in 1988. Representatives of various Kansas healthcare industry associations became concerned that the ruling implied Kansas health care providers could only be protected by the cap if they participated in the Kansas Health Care Stabilization Fund (HCSF). In order to address this concern and ensure the availability of quality health care for Kansas residents House Bill 2516 (HB2516) was signed into law on July 1, 2014 to become effective January 1, 2015. This bill contains several amendments one of which broadens the definition of a health care provider to include Physician Assistants (PA) Advanced Practice Registered Nurse (APRN), assisted living facilities, nursing facilities, and residential health care facilities. As newly defined health care providers these individuals and entities will be required to maintain medical professional liability coverage from a licensed insurer in the state of Kansas and pay into the Kansas Health Care Stabilization Fund. The law applies to any defined health care provider with an active Kansas license regardless of whether or not they practice in the state. However, compliance with the Kansas Health Care Stabilization Fund varies depending on state residency. The insurance policy must provide minimum coverage limits of $200,000 per claim with an annual aggregate total limit of $600,000 coverage. The health care providers are also required to select one of three options for additional coverage via the HCSF. Those options are: $100,000 per claim with $300,000 annual aggregate, $300,000 per claim with $900,000 annual aggregate, or $800,000 per claim with $2,400,000 annual aggregate. The deadline for compliance is January 1, 2015. This bill also allows insurance carriers to offer a wider spectrum of insurance products to address emerging liability trends. Professional liability insurance carriers are quickly responding to the new law by filing premium rates and policy terms with the Kansas Insurance Commissioner’s office. Insureds will want to confirm that any current coverage they may have is in compliance with the January 1, 2015 law. If not they will need to seek new coverage. As of this date the Kansas Health Care Stabilization Fund is not planning to extend prior acts coverage for services rendered prior to January 1, 2015. Those health care providers currently practicing in Kansas with a claims made professional liability insurance policy will need to make arrangements to cover prior acts from services rendered before the date of their new coverage. Most insurance carriers will offer “tail” coverage to close the coverage gap. For additional information or to secure a firm coverage quote contact Dan Bukaty at 913-647-3946 or email dbukaty@bukatyagency.com. Bukaty Companies 11221 Roe Ave., Ste. 200 | Leawood, KS 66211 Phone: 913.951.2400 | Toll-Free: 888.657.0440 www.bukatyagency.com