There remains a delayed effective date of March 1, 2013, for: (1) individuals receiving Federal payments by check on May 1, 2011; and (2) individuals who file claims for Federal benefits before May 1, 2011 and request check payments when they file.
In addition, after consideration of the comments received, Treasury is modifying its proposed elimination of all individual waivers from the EFT requirement.
Individuals who do not choose direct deposit of their payments to an account at a financial institution would be enrolled in the Direct Express[supreg] Debit Master Card[supreg] card program, a prepaid card program established pursuant to terms and conditions approved by FMS.
Treasury waives the EFT requirement for recipients born prior to May 1, 1921, who are receiving payments by paper check on March 1, 2013; for payments not eligible for deposit to a Direct Express[supreg] prepaid card account; and for recipients whose Direct Express[supreg] card has been suspended or cancelled.
Before visiting, you must call (202) 622-0990 for an appointment. the public the ability to comment on, search, and view publicly available rulemaking materials, including comments received on rules. Direct deposit is the primary method used to make EFT Federal payments.
FOR FURTHER INFORMATION CONTACT: Walt Henderson, Director, EFT Strategy Division; Natalie H. Section 3332, title 31, United States Code, as amended by subsection 31001(x)(1) of the Debt Collection Improvement Act of 1996 (Pub. 104-134) (Section 3332), generally requires that all Federal nontax payments be made by electronic funds transfer (EFT), unless waived by the Secretary. The NPRM proposed to amend Part 208 to require all recipients of Federal nontax payments to receive payments by EFT, effective March 1, 2011, with a delayed effective date of March 1, 2013 for individuals receiving Federal payments by check on March 1, 2011, and for individuals who file claims for Federal benefits before March 1, 2011 and request check payments when they file.
Physicians, practice staff and other interested stakeholders are encouraged to join.
You may also inspect and copy this rule at: Treasury Department Library, Room 1428, Main Treasury Building, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. government's e Rulemaking Initiative, FMS publishes rulemaking information on
Physicians and practice staff spend hours dealing with complex issues surrounding the insurance claim payment process, including prior authorizations, patient eligibility inquiries, claim filing and payment reconciliation, costing the practice money and time that could be better spent on patient care.
Physicians and their staff can reduce the time spent on these burdensome processes by implementing standard electronic health care transactions to complete practice revenue functions.
Additionally, many health plans have started paying physicians through virtual credit cards (VCCs), which are processed using standard credit card technology but can result in significant lost revenue for practices.
The following resources provide information and guidance to physicians on electronic payments.