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.


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