Industry Note:
Just In Time For The Holidays, OIG Bumps Up Nominal Gift Cap Amount
Published on Fri Dec 09, 2016
It may be too late for this year’s holiday gifts, but you’ve got a bit more room under the “nominal value” cap for gift spending to Medicare beneficiaries. In a policy statement released Dec. 7, the HHS Office of Inspector General notes that “Congress expressed its intent that inexpensive gifts of nominal value be permitted” to Medicare beneficiaries. In 2002, [...]