The Centers for Medicare & Medicaid Services (CMS) is proposing to collect financial information from Medicare Health Plans and related organizations, as part of the Fiscal Soundness Reporting Requirements. This proposal seeks feedback from the public within a 60-day comment period, as required under the Paperwork Reduction Act of 1995. The CMS is responsible for ensuring that these health organizations maintain financially sound operations by reviewing their annual and quarterly financial statements. Public comments can be submitted electronically or by mail by February 3, 2025.
Simple Explanation
The Centers for Medicare & Medicaid Services wants to know what people think about their plan to check if health companies have enough money by looking at their money reports. They are asking people to share their opinions by February 3, 2025, to make sure everything works right and isn't too hard for companies to do.