The Provide Accurate Information Directly (PAID) Act, has been passed by the U.S. Congress and was signed by President Trump on December 11, 2020. The purpose of the PAID Act is to address the lack of a centralized process to identify Medicare Advantage Plan and Medicare Part D Prescription Drug Plan beneficiaries. Currently, the Section 111 Query process only provides traditional Medicare Part A and B beneficiary status. The PAID Act seeks to remedy this by expanding the Section 111 Query Process to include those individuals who have been enrolled in a Part C and/or Part D plan in the last three years.
The PAID Act amends 42 U.S.C § 395y(b)(8)(G) and will become effective on December 11, 2021. Considering the continuing litigation involving Medicare Advantage Plans and the potential for double damages as part of these recovery efforts, the PAID Act will offer much needed transparency in this process. It is also estimated that the implementation of the Act would result in a 30-million-dollar savings to the federal government and taxpayers. Should you have any questions regarding the PAID Act or for any of your Medicare Compliance needs, please contact the Settlement Consultant team at [email protected]