SMART Act just signed by President Obama!

Today, the law incorporating pertinent language from the SMART Act was signed by President Obama.  As you will recall, this legislation does the following:

1. Establishes a 3 year statute of limitations for Medicare conditional payment claims;
2. Allows parties to obtain a final conditional payment claim amount prior to a settlement, judgment or award;
3. Removes the requirement for social security numbers for Section 111 Reporting; 
4. Provides a right of appeal for insurance companies and self-insureds of conditional payment claims/liens;
5. Makes issuance of Section 111 penalties discretionary; and
6. Establishes minimum thresholds for Medicare to seek recovery.

We are all very excited at this big step forward!