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LEGISLATIVE UPDATE FOR MINNESOTACARE TAXES

Minnesota made law changes this year to Provider, Hospital, Surgical Center, Wholesale Drug Distributor, and Legend Drug Use taxes.

What changed?

You must continue to file and pay MinnesotaCare taxes after December 31, 2019

The law extended the taxes beyond this year.

The tax rate will be 1.8% in 2020.

The rate on taxable revenue on or after January 1, 2020, will decrease from 2% to 1.8%. For Legend Drug Use Tax, the 1.8% rate applies to the price paid for legend drugs received or delivered in Minnesota on or after January 1, 2020.

Money Tree Billing is a chiropractic billing company who removes the distraction of billing from your office so you can focus on changing lives through chiropractic care. Money Tree Billing offers complete billing cycle management through a dedicated and seamless billing process. We empower you and your team with support beyond just billing. Focus on your practice and your passion and we’ll focus on getting you paid. We GUARANTEE our work. Money Tree Billing guarantees if your insurance claim goes unpaid due to our error, that we will credit you the amount you would have been paid on that claim. You won’t find another guarantee like it in the industry. To learn more about Money Tree Billing, and our one-of-a-kind guarantee, visit www.moneytreebilling.com.

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