Saturday, March 8, 2014

CMS revises its small settlements figure

On February 28, 2014, CMS issued its first annual "settlement recovery threshold" determination. Under the SMART Act, this is required by November 15 of each year, so CMS is about three months late. The new threshold is $1,000. Liability settlements (for physical trauma only) of $1,000 or less need not be reported, and repayment of conditional payments will not be required.

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