By Mathew J. Levy, Esq. Email Mathew
To attract talented people into the medical profession at a time of such significant strain and while also retaining those who have been working so tirelessly these past two years, NYS has implemented the Healthcare Worker Bonus Program (HWB). The HWB was implemented to recognize the efforts of our health care and mental hygiene workforce and reward them financially for their service. To do so, as part of the Fiscal Year 2023 New York State Executive Budget legislation, is providing $1.2 billion in funding for the payment of bonuses for certain frontline healthcare workers.Most practices are not aware that this is a mandatory program. The first deadline has been extended to match the second Vesting Period submission window starting on October 1st, 2022.Note: Qualified employers who fail to identify, claim, and/or pay bonuses for more than 10 percent of eligible workers may be subject to penalties of up to $1,000 per violation.
We anticipate there will be OMIG Audits for those that are not compliant within the next 6 years. If you should have any questions regarding the NYS Healthcare Worker Bonus Program please do not hesitate to ask.
ATTORNEY ADVERTISING: PRIOR RESULTS DO NOT GUARANTEE FUTURE OUTCOMES.