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On February 18, 2014, CMS’s Financial Services Group announced in an Alert an important change in the reporting threshold for certain liability settlements, judgments awards or other payments required by Section 202 of the Strengthening Medicare and Repaying Tax Payers Act of 2012 (SMART Act). CMS is increasing its current reporting threshold from $300 to $1000. The change is effective immediately.  Accordingly, physical trauma-based liability settlements of $1000 or less do not need to be reported, and recovery of Medicare’s conditional payment amount from these settlements will not be pursued.  See http://www.cms.gov/Medicare/Coordination-of-Benefits-and-Recovery/Beneficiary-Services/Downloads/Alert-Change-in-Reporting-Threshold-for-Certain-Liability-Settlements-Judgments-Awards-or-Other-Payments.pdf.  (Note: CMS will pursue recovery of any demand issued prior to the date of this Alert.) 

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