“New Reporting Requirements Under MMSEA”On June 15, 2009 by Schnader
Keith Whitson, a partner in the Firm’s Pittsburgh office, and Bruce Strikowsky, a partner in the Firm’s New York office, co-authored an article titled “New Reporting Requirements Under MMSEA,” published in the June 15 edition of Insurance and Health Law360, a daily e-mail publication for lawyers, in-house counsel, and top level business leaders that provides breaking news and cutting-edge analysis of current issues. Companies that pay funds to people eligible for Medicare, whether in settlement of claims or to satisfy a judgment, have substantial new reporting obligations under the Medicare, Medicaid and SCHIP Extension Act of 2007 (MMSEA). These obligations apply to both insurance companies and self-insured entities. If a company anticipates paying funds for any such claims, it must register with the Centers for Medicare & Medicaid Services (CMS) by June 30, 2009. Because failure to do so carries stiff penalties ($1,000 each day for each claimant), the article advises every company to review the new law and determine whether it must register.