Major Medicare reforms become law — Are you ready?

May 17, 2013 / 1 min read

In a major development on the Medicare front, President Obama has signed the Strengthening Medicare and Repaying Taxpayers (SMART) Act into law. The SMART Act makes major revisions to Section 111 reporting, conditional payments, and other important Medicare Secondary Payer (MSP) compliance areas.

Verisk Risk Symposium

I hope you can join me at the Verisk Insurance Solutions 2013 Risk Symposium (on June 24 in London) and attend Session 301: SMART Act Becomes Law — How the SMART Act Will Change MSP Compliance. As part of the presentation, I’ll break down the SMART Act’s provisions and discuss how they will change everyday claims and settlement practices in the following areas:

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Section 111’s “$1,000 a day, per claim” penalty
obtaining Medicare conditional payment information
appealing Medicare lien claims
safe harbor protections
low-dollar compliance thresholds
Medicare statute of limitations
preparing for the changes — practical claims approaches