Prior to enactment of the Medicare Access and CHIP Reauthorization Act (MACRA), physicians who elected to opt out of Medicare and enter into private contracts with Medicare beneficiaries had to update an affidavit every two years to maintain their opt-out status. A provision in MACRA eases these requirements so that valid opt out affidavits signed on or after June 16, 2015 will automatically renew every two years. Physicians filing affidavits effective on or after June 16, 2015 that do not want their opt out to automatically renew at the end of a two year period may cancel the renewal by notifying all Medicare Administrative Contractors with which they filed an affidavit in writing at least 30 days prior to the start of the next opt-out period. Learn more here.
by MGMA (Medical Group Management Association)