“The American Medical Association (AMA) released new resources that are geared to the needs of physicians and will help support their practices by outlining key issues associated with the grace period and provide guidance on administrative policies, financial agreements and communications with patients and insurers. All the new resources and more are available to physicians at: www.ama-assn.org/go/graceperiod.
These new AMA resources for physicians include: Step-by-step guide to the ACA grace period, grace period collections policy checklist, model financial agreement language for patients receiving Advance Premium Tax Credits, and a sample grace period notice to patients.
A key issue for physicians is having accurate information from health insurers regarding patients' grace period status. The AMA recently delivered a letter urging CMS to amend the grace period rule to require insurers to notify physicians as soon as a patient falls behind on their premiums, rather than the current notification requirement that provides insurers with discretion as to when and how to notify physicians during the 90-day grace period.” [Source: AMA]
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