Medicare program; claims payment cycle--HCFA. General notice

This notice announces the retention of a payment floor requirement for Medicare claims paid by intermediaries and carriers, acting on behalf of HFCA, for services provided to Medicare beneficiaries. Under the payment floor, claims and bills may not be paid until the 15th day after receipt. The 14-day retention requirement was originally provided for by section 4031 of the Omnibus Budget Reconciliation Act of 1987, Pub. L. 100-203. We also announce a temporary waiver of the payment floor requirement for claims and bills submitted prior to October 1, 1990.