On June 20, 2012, the CMS issued an alert with a new schedule for reporting of liability TPOC dates and amounts pursuant to Section 111. The new schedule is as follows:
| Total TPOC Amount | TPOC Date On or After | Section 111 Reporting Required in the Quarter Beginning |
| TPOCs over $100,000 | October 1, 2011 | January 1, 2012 |
| TPOCs over $50,000 | April 1, 2012 | July 1, 2012 |
| TPOCs over $25,000 | July 1, 2012 | October 1, 2012 |
| TPOCs over $5,000 | October 1, 2012 | January 1, 2013 |
| TPOCs over $2,000 | October 1, 2013 | January 1, 2014 |
| TPOCs over $300 | October 1, 2014 | January 1, 2015 |
Note that on and after Sunday of this week (July 1), all settlements, judgments and awards with a TPOC amount of over $25,000 must be reported.
Franco Signor is ready to assist your company in meeting these new TPOC reporting thresholds. Please contact us for more information.