Insurers are welcoming the news they will have another year before new reporting requirements mandated by the Centers for Medicare and Medicaid Services (CMS) are implemented.
The CMS says property/casualty insurers will now have until Jan. 1, 2012 to adhere to the Medicare Secondary Payer (MSP) liability claims rules. The MSP requirements are intended to ensure Medicare remains the secondary payer when a beneficiary has medical expenses that should be paid by a private insurance plan.
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