Part B Insider (Multispecialty) Coding Alert
CMS Extends 2% Sequestration Suspension Until End of 2021
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You have a little more time before you need to worry about the 2 percent sequestration payment adjustment to your Medicare fee-for-service (FFS) claims. Now: On April 14, President Biden signed H.R. 1868, extending the temporary suspension of Medicare sequestration until Dec. 31, 2021. Rewind: The CARES Act first suspended the 2 percent sequestration from May 1, 2020 through Dec. 31, 2020. Next, under the Consolidated Appropriations Act, 2021, Congress extended the suspension again through March 31, 2021. Medicare Administrative Contractors (MACs) are instructed to “release any previously held claims with dates of service on or after April 1” and “reprocess any claims paid with the reduction applied,” an MLN Connects indicates. Review the new legislation at www.congress.gov/117/plaws/publ7/PLAW-117publ7.pdf.
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