IWIF News & Media Room
- Nov, 13, 2012
If so, you may have reporting responsibilities to the Federal Government and could incur financial penalties.
When Medicare was enacted in 1965, it was meant to be a secondary benefit to Workers’ Compensation. Further amendments to this act have cemented Medicare’s position as a secondary payer for all insurance programs. To help ensure protection of Medicare’s secondary payer status, the Centers for Medicare and Medicaid Services (CMS) recently enacted strict reporting requirements for all primary payers.
When you pay a claim directly, you become recognized as the primary payer, or Responsible Reporting Entity (RRE) and you may have responsibility for reporting information about the injury to CMS.
Failure to comply with this requirement can result in the RRE assesed penalties issued by CMS of $1,000 per claim, per day.
Reporting a claim promptly to IWIF ensures we are the primary payer and RRE for purposes of the federal reporting guidelines.
Further information about these mandates can be obtained at CMS’ official website www.cms.hhs.gov/MandatoryInsRep/
You may also contact your agent or Melinda Petit, IWIF Director of Claims Operations, at 410-494-2359 or email Contact Us – select “Claims Inquiries” from the drop down menu.