CMS Issues Alert Updating and Clarifying Mandatory Reporting…

On December 12, 2016, CMS issued a Technical Alert that announced a change in reporting requirements for several different types of settlements with total payment obligation to claimant dates on or after January 1, 2017 and no ongoing responsibility for medicals . In the Technical Alert, CMS lowered the mandatory reporting threshold for all liability insurance settlements, including mass tort settlements , from $1000 to $750.