CMS announced the release of the new 2021 fee schedule that takes into account the Congressional changes from the late December omnibus budget and relief bill. Fortunately, we received a one-year reprieve from the drastic cuts previously planned.
There are a number of items that we want to remind you to take care of in your practice today. These updates include PQRS G codes, New ABN form, E/M changes, Medicare fees, and poster requirements. Watch the video to learn more!
The looming Medicare cuts have the potential to have a greater impact on ALL chiropractic physicians than may appear on the surface. If you have not seen our previous announcements, HHS is proposing massive chiropractic care cuts that may be as much as 19.54%.
Recent legislation signed by President Trump significantly dampened the 2021 Medicare Part B premium increase that would have occurred, given the estimated growth in Medicare spending next year. The standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020. CMS also announced that the annual deductible for Medicare Part B beneficiaries is increasing.