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Summary
Medicare will retain a payment floor requirement, delaying claims payment by 15 days after receipt. A temporary waiver is available for claims submitted before October 1, 1990.
Area of Science:
- Health Policy
- Healthcare Administration
- Medicare Regulations
Background:
- Medicare claims processing is managed by intermediaries and carriers on behalf of the Health Care Financing Administration (HFCA).
- A payment floor requirement mandates a minimum retention period for processing Medicare claims.
- Section 4031 of the Omnibus Budget Reconciliation Act of 1987 established a 14-day retention period.
Purpose of the Study:
- To announce the retention of the Medicare payment floor requirement.
- To inform stakeholders about the 15-day payment delay for Medicare claims.
- To announce a temporary waiver for specific claim submission dates.
Main Methods:
- This is a notice regarding policy retention and waiver.
- No experimental methods were employed; it is an administrative announcement.
- Referencing existing legislation (Pub. L. 100-203) that mandated the original requirement.
Main Results:
- The payment floor requirement is being retained, delaying Medicare claim payments until the 15th day after receipt.
- This policy affects claims paid by intermediaries and carriers for services to Medicare beneficiaries.
- A temporary waiver of the payment floor is announced for claims submitted before October 1, 1990.
Conclusions:
- The 15-day payment floor for Medicare claims is maintained.
- Healthcare providers and beneficiaries should be aware of the payment processing timelines.
- The temporary waiver provides a specific window for previously submitted claims.