A Legislative Solution For Medicare Claims Settlement Delays
Law360 (January 5, 2021, 4:59 PM EST) -- On Dec. 11, 2020, Congress overwhelmingly passed the Provide Accurate Information Directly Act, a bill designed to fill a crucial gap in the claims-settling process under the Medicare Secondary Payer Act.
In short, the PAID Act will require the Centers for Medicare & Medicaid Services, starting Dec. 11, 2021, to identify Medicare Part C and Part D plans for parties settling claims with Medicare beneficiaries, so that those parties can coordinate benefits and make appropriate repayments to Medicare.
This article reviews the background for the PAID Act, highlights its key provisions and analyzes its potential impact on insurers, benefit providers and...
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