MARTIN#45
Networker
WHAT DOES THE SECTION 638 IN THE SENATE BILL MEAN FOR US?
TITLED "REMOVING OBSTACLES TO COLLECTION OF OVERPAYMENTS"
THEY REMOVED 3 YEARS AND MADE IT 5 YEARS. MY UNDERSTANDING IS THAT MEDICARE NOW HAS 5 YEARS .
At the beginning of the year, President Obama signed the American Tax Payer Relief Act of 2012. Within this act, there is a provision that allows CMS/Medicare two additional years to go back and request refunds on overpayment or payment made in error. What this essentially means is that Medicare can now go back 5 years instead of 3 years when requesting refunds. The provision is in section 638 and is as follows…
“Sec. 638 REMOVING OBSTACLES TO COLLECTION OF OVERPAYMENT.
A. IN GENERAL – The last sentence of subsection (b) and (c) of section 1870 of the Social Security Act (42 U.S.C. 1395gg) are each amended.
B. By striking “third year” and inserting “fifth year” and by striking “three year” and inserting “five year”"
This entry was posted in CMS, Industry Updates, Medicare and tagged CMS, Medicare, Refunds on March 21, 2013 by Pat Shields.
TITLED "REMOVING OBSTACLES TO COLLECTION OF OVERPAYMENTS"
THEY REMOVED 3 YEARS AND MADE IT 5 YEARS. MY UNDERSTANDING IS THAT MEDICARE NOW HAS 5 YEARS .
At the beginning of the year, President Obama signed the American Tax Payer Relief Act of 2012. Within this act, there is a provision that allows CMS/Medicare two additional years to go back and request refunds on overpayment or payment made in error. What this essentially means is that Medicare can now go back 5 years instead of 3 years when requesting refunds. The provision is in section 638 and is as follows…
“Sec. 638 REMOVING OBSTACLES TO COLLECTION OF OVERPAYMENT.
A. IN GENERAL – The last sentence of subsection (b) and (c) of section 1870 of the Social Security Act (42 U.S.C. 1395gg) are each amended.
B. By striking “third year” and inserting “fifth year” and by striking “three year” and inserting “five year”"
This entry was posted in CMS, Industry Updates, Medicare and tagged CMS, Medicare, Refunds on March 21, 2013 by Pat Shields.