August 22, 2023
The California Medical Association (CMA), California Hospital Association (CHA), Texas Medical Association (TMA), and Texas Hospital Association (THA) are cohosting a free webinar on the new federal Public Service Loan Forgiveness Program (PSLF) rules, which expand eligibility for California and Texas physicians. The one-hour webinar will be Thursday, September 28, 2023, at 12:15 p.m., Pacific time.
Under the new rules, which launched on July 1, 2023, physicians who have qualifying loans, make 120 qualifying payments, and provide services 30 hours/week in a non-profit health care facility (hospital, foundation, clinic or other organization) may now qualify for the federal PSLF program, despite state prohibitions on physician employment by private non-profit hospitals, clinics, foundations and other health care entities.
The webinar will provide specific instructions about how more California and Texas physicians can qualify for PSLF. It will also discuss how hospitals, foundations and other entities can serve as “qualifying employers” for purposes of PSLF, even though they are prohibited by state law from employing physicians.
The U.S. Department of Education will provide information about eligible qualifying loans and the new eligibility criteria. There will also be a legal presentation about the types of practices that qualify, the required written agreements between physicians and nonprofit entities, and suggestions for documenting the required work hours with time for your questions.