The No Surprises Act: Protecting Patients and Promoting Transparency
Legislation, Medical Billing Information, Medical OfficeThe No Surprises Act is a significant piece of federal legislation that aims to address the issue...
To appreciate the Medicare Part D Penalty and help patients avoid it, one must first understand what Medicare Part D involves.
Here are the points to keep in mind for your medical office, and it’s patients:
Medicare Part D covers all commercially available vaccines and hospital outpatient drugs. The following rules apply for other coverage:
It’s a beneficial idea to review this information as well as provide it to your patients so they can avoid a Medicare Part D Penalty. Anyone can opt for the other parts of Medicare but opt out of Part D, only to realize later that he or she needs drug coverage. The Medicare Part D Penalty is essentially an additional cost for opting into a drug coverage plan late.
Patients can avoid the Medicare Part D Penalty if they opt out because they have creditable prescription coverage or participate in the government program Extra Help (a Medicare program that helps those with lower incomes afford prescriptions).
Running a medical office is primarily about caring for the patients, which includes educating them about Medicare and specifically the Medicare Part D Penalty. Patients will appreciate the knowledge and potentially save money through your efforts, enhancing their loyalty to your medical practice.
To best protect your patients, you might consider outsourcing your medical billing needs to Billing Advantage. With Billing Advantage, all patient information is protected and secure in addition to prompt payment collection.
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