The Garretson Resolution Group distributed some timely information last month relating to Medicare claims reimbursement. Effective July 10, 2013, Medicare has three years to claim reimbursement for its subscribers’ medical costs. This statute of limitation is mandated by the Strengthening Medicare and Repaying Taxpayers (or SMART) Act which became law early this year.
Until now, there had been uncertainty on the time frame in which Medicare could seek to recoup costs for which another party accepted responsibility (through settlement, judgment, award or other payment). The United States now has a three-year window to file suit in an action to seek repayment, measured from the date of reporting to the Centers for Medicare & Medicaid Services (CMS) as party of the Mandatory Insurer Reporting rules following Section 111 of the Medicare Medicaid SCHIP Extension Act of 2007.
Overall, the SMART Act aims to shorten the Medicare reimbursement timeline and create further clarity concerning the process. But the law’s full impact won’t be known until its provisions are implemented during the course of the next 18 months. The Garretson Resolution Group provides a great service to lawyers who handle personal injury cases.
Source: Garretson Resolution Group
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