Federal Register #CMS-10142

CMS seeks public comment on proposed information collection for Medicare Advantage and Prescription Drug Plans

CMS, part of the Department of Health and Human Services, is seeking public comment on its proposed information collection for Medicare Advantage and Prescription Drug Plans. - Government Buyer: - Centers for Medicare & Medicaid Services (CMS) - Department of Health and Human Services - Purpose: - Request for public comment on the use of the Bid Pricing Tool (BPT) software - BPT is used by Medicare Advantage organizations and Prescription Drug Plans to submit actuarial pricing bids - Scope: - Annual information collection activity - Focus on feedback regarding burden, necessity, utility, and methods to improve quality and clarity - Notable Requirements: - No procurement of products or services - No OEMs or vendors involved - Request is for information collection only - Estimated Impact: - Affected public includes Medicare Advantage and Prescription Drug Plan organizations - Estimated annual responses and hours provided - No product or service line items requested

Description

The Centers for Medicare & Medicaid Services (CMS) is announcing an opportunity for the public to comment on CMS' intention to collect information from the public. This collection is required under the Paperwork Reduction Act of 1995 and involves the use of the Bid Pricing Tool (BPT) for Medicare Advantage Plans and Prescription Drug Plans. Medicare Advantage organizations and Prescription Drug Plans must submit actuarial pricing bids annually using this tool. The notice invites comments on the burden estimates, necessity, utility, and methods to enhance the quality and clarity of the information collection.

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