April 16, 2021
Good news on the Medicare fee-for-service sequestration front! The 2% cut which was scheduled for April 14, 2021, has been suspended until December 31, 2021. See the announcement from CMS below:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act suspended the sequestration payment adjustment percentage of 2% applied to all Medicare Fee-for-Service (FFS) claims from May 1 through December 31, 2020. The Consolidated Appropriations Act, 2021, extended the suspension period to March 31, 2021. An Act to Prevent Across-the-Board Direct Spending Cuts, and for Other Purposes, signed into law on April 14, 2021, extends the suspension period to December 31, 2021.
Medicare Administrative Contractors will:
For more information, go to https://www.cms.gov/outreach-and-educationoutreachffsprovpartprogprovider-partnership-email-archive/2021-04-16-mlnc#_Toc69394754
Let me know if you have any questions.
- Laura Groshong, LICSW, CSWA Director of Policy and Practice
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