Homeowners can qualify for more tax credits through Valley Medical Center

Homeowners living within King County Public Hospital District No. 1 boundaries now have more chances to qualify for what's known as the “Valley Dividend.” ("Valley" as in Valley Medical Center, the hospital facility operated by Hospital District No. 1.)
The Valley Dividend grants a credit based on the tax dollars paid to the hospital district. After all third-party and insurance payments have been made, a credit may be applied to out-of-pocket expenses owed to Valley Medical Center. To date in 2010 homeowners in the VMC hospital district have received an average credit of $557.
Effective Aug. 11, the following expanded services will now qualify for credit:
  • Inpatient hospitalization: 100 percent of outstanding facility charges.
  • Emergency department: 100 percent of outstanding facility charges.
  • All other outpatient services including diagnostic imaging, outpatient surgery, observation-status admissions, endoscopy, radiation therapy, rehabilitation services, sleep studies; 50 percent of outstanding facility charges.
  • To find out if the VMC expenses are eligible for the Valley Dividend, go to valleymed.org/valleydividend for the specific details of the credit.
After homeowners have received their final hospital bill and all insurance, Medicare and other payers have completed their payments, they should call the Valley Dividend Hotline at 425-656-4058 to apply.

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