Section 111 of the MMSEA (Medicare, Medicaid and SCHIP Extension Act of 2007) will require the providers of group health plans, liability insurance (including self-insurance), no fault insurance and workers’ compensation insurance to determine the Medicare-entitlement of all claimants and report certain information about those claims to the Secretary of Health and Human Services. With the objective of assisting the Secretary with coordinating benefits and uncovering potential reimbursement claims, this recent legislation reinforces the intent of ensuring Medicare is treated as the payer of last resort. The penalty for non-compliance is $1,000 per day for each day the responsible party is out of compliance. This penalty is in addition to other fines that defendants can be fined if Medicare’s reimbursement claim is ignored in any settlement. The new rules will apply to settlements on or after Jan 1, 2009 for group health plans and on or after July 1, 2009 for liability insurance (including self-insurance), no fault insurance and workers’ compensation insurance. For more information about Section 111 reporting, please visit https://www.cms.hhs.gov/MandatoryInsRep.
iSpace currently works with multiple clients and helps them through the process of complying with MMSEA Section 111 mandatory reporting. iSpace consulting practice works with clients from the registration all the way through reporting. iSpace has subject matter experts that can guide and help your company become compliant. iSpace has developed a proprietary reporting platform which offers its client to meet the requirements of MSP reporting. For more information about how we can assist you, please review the following links or contact us via the Request for Information & Demo.
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