The US Senate passed a government funding bill today that will also relax Medicare Accelerated / Advanced Payment terms in addition to keeping the government funded. Early in the public health emergency, CMS expanded its Accelerated / Advanced Payment program to all Medicare Part A and Part B providers, with most expecting recoupment of these advances to begin during the 2020 summer months. Because law-makers were still negotiating additional aid, CMS decided to postpone its recoupments on these payments. As a result, the new government funding bill alters the terms of this program which the President is expected to sign into law shortly.
The updated terms for the Medicare Accelerated / Advanced Payments will include the following:
The full bill text can be found here:
This post was published October 1, 2020.