New Reporting Requirements Under MMSEA

Law360, New York (June 10, 2009, 12:00 AM EDT) -- Companies that pay funds to persons eligible for Medicare, whether in settlement of claims or to satisfy a judgment, have substantial new reporting obligations under the Medicare, Medicaid and SCHIP Extension Act of 2007 ("MMSEA").

These obligations apply to both insurance companies and self-insured entities. If your company anticipates paying funds for any such claims, it must register with the Centers for Medicare & Medicaid Services ("CMS") by June 30, 2009.

Because failure to do so carries stiff penalties ($1,000 each day for each claimant), every...
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