August 8, 2006

 

CMS to place hold on payment for claims during Sept. 22-30

CMS will place a hold on all Medicare payments to physicians during the last nine days of Fiscal Year 2006, Sept. 22-30.  All claims that would have been paid during this timeframe will instead be paid on Oct. 2, 2006, without interest or late penalties.  Further, payments will not be staggered, and no advance payments will be allowed during this nine-day period.

This one-time delay in Medicare payments was mandated by the Deficit Reduction Act of 2005.

For more information, please view the MLN Matters Article at http://www.cms.hhs.gov/MLNMattersArticles/downloads/MM5047.pdf .