Does your practice service patients 65&over who have medicare coverage?
Here are some important details that our friends at Veros Dental recently shared about the 2015 Medicare Enrollment:
Any dentist,
including a specialist, who treats Medicare beneficiaries must either enroll in
the Medicare program or opt out in order to prescribe medication to their
qualifying patients with Part D drug plans. Most every patient 65 years of age
and older is a Medicare beneficiary.
This decision
should be made promptly and the process should be undertaken now to ensure
implementation by the June 1, 2015 deadline.
Only those
dentists who do not treat Medicare eligible beneficiaries (65 years or older
patients and certain disabled individuals) are free from making a decision and
acting. By not acting (creating a formal status with Medicare), Medicare
eligible patients will not be covered for prescriptions you write for them
(this will tend to irritate them as their coverage should cover most all
prescriptions and will not be covered solely because of your failure to act).
If you treat
Medicare beneficiaries and must make a decision, there are actually two
decisions you have to make. The first is whether to enroll or opt out. The
second, if you enroll, is whether to enroll as a Medicare provider or enroll as
an ordering/referring provider.
ENROLL
– Medicare Provider
By enrolling
as a Medicare provider, you are agreeing to accept the Medicare fee schedule
for covered procedures you perform for these patients. Dentists perform few of
these services but may include biopsies, some TMJ services and sleep apnea. If
you do enroll, you’ll have to follow Medicare procedures for claim submission.
This enrollment then also allows your Medicare patient prescription to be
covered.
ENROLL
– Ordering/Referring Provider
If you do not
perform any Medicare covered services, you may choose to enroll as an
ordering/referring provider. This allows service providers to whom you refer
Medicare patients to get paid (labs, imaging services, other procedures). It
also allows your Medicare beneficiary patients to have their prescriptions
covered. You will not be able to perform Medicare-covered services under this
status, however.
OPT-OUT
At first take,
choosing to opt out sounds like it would be the easy approach. It isn’t that
simple. By choosing to opt out, your practice will actually be required to send
an affidavit to the Medicare carrier in your region. The opt out affidavit
lasts for two years. At the end of the two-year period, you are faced with the
same decision again — to enroll or opt out.
In addition to
the document you must file with Medicare, you also need to inform your Medicare
beneficiary patients and have each of them enter into a written private
contract. This contract is an agreement that you are not an enrolled Medicare
provider and that the patient won’t submit any covered treatment claims to
Medicare. These contracts will need to be kept as records of the practice and
also need to be renewed every two years. This contract must follow all of the
specific Medicare stipulations (even including the appropriate font size!) for
it to be valid.
By having
these contracts in place, the practice can follow their own fee schedule for
the Medicare covered procedures, and the patients can have their Part D
prescriptions covered under Medicare.
How to
Decide?
Each practice
will need to formulate their best approach to what to do. Here are some
considerations:
- Do
you or will you see a Medicare eligible patient in the next two years? If
yes, you have to make a decision. If not, there is nothing for you to do
from here. - How
many Medicare eligible patients will you see? Run a demographic report to
learn how many active patients you have over the age of 65. If this is
low, consider opting out. Opting out actually will result in more work, as
every patient over 65 will need to sign an agreement with you every two
years. So depending on the numbers, opting out could possibly cost a lot
of time. - Do
you perform Medicare procedures? If you do, you’ll need to consider
whether you want to accept their fee schedule (enroll) or not (opt out).
If you do perform these procedures, a thorough analysis of your fees and
the Medicare fee schedule should be considered. - If
you do not perform the Medicare procedures but don’t want the ongoing
burden of the opt-out paperwork, then enrolling as an ordering/referring
provider is likely the best option. You won’t be able to send claims to
Medicare, but your referred service providers will get paid and your
patients’ prescriptions will be covered. You can enroll later as a
Medicare provider, if necessary.
For additional information and/or questions specific to your
practice,contact one of our Dental CPA team members at 800-772-1065 or info@dentalcpas.com. Don’t delay your decision, give us a call and we can help guide you to the best solution that works for your practice.
Also visit the ADA website as
well as DentistryIQ
for additional articles related to the medicare enrollment.