Today's Federal Register included a Proposed Rule from the Centers for Medicare and Medicaid Services (CMS) regarding Civil Monetary Penalties for Responsible Reporting Entities. Translation: CMS is nailing down how to calculate financial penalties for those who do not comply with Medicare Secondary Payer requirements. Penalties can be as much as $1000 per day per beneficiary.
Don't guess when it comes to compliance. If your injured client is currently receiving Medicare or will become Medicare-eligible in the near future, then it's time to make a plan. With local offices across the country, our settlement consultants work hand-in-hand with national leaders in Medicare Set-Aside services. Protect your clients--and your firm by ensuring Medicare Secondary Payer compliance. Contact Sage Settlement Consulting today.
Additional information regarding the Proposed Rule can be found on CMS' fact sheet. Full details can be found in today's Federal Register.