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October 21, 2015 at 12:12 PM
The Centers for Medicare & Medicaid Services (CMS) could begin issuing the first risk corridors program payments for the 2014 coverage year in a few weeks.
Officials at CMS talked about the Patient Protection and Affordable Care Act (PPACA) risk corridors program payment schedule Tuesday in a note posted on the semiprivate RegTAP technical assistance website.
“Currently, CMS is targeting December to begin making risk corridors payments,” officials said in the note.
See also: Feds: “We’ll send some PPACA lifeboat money in December”
CMS will use a manual process payment report to record any payments made before Jan. 1, officials said.
The agency will use the HIX 820 electronic data interchange process to send any program payments made on or after Jan. 1, and it will use the payment type code “RC” to identify any program payments made though that process, officials said.
