Small Business Health Options Program (SHOP) FAQ
Guidance for FAQ regarding Issuer Participation Requirements and Bank Account Setup
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: September 11, 2014
Program Area: Small Business Health Options Program (SHOP)
Question: If issuers are already set up with a Payee Group and Bank Account, are currently receiving tax credit payments in the Individual Marketplace, and have no planned changes to the way issuers receive money from the Centers for Medicare and Medicaid Services (CMS), do issuers need to do anything now to prepare to receive payments in the Federally-Facilitated Small Business Health Options Program (FF-SHOP)?
Answer: In general, there is nothing issuers need to do at this time. If the issuers health insurance company currently has multiple payee groups under a Taxpayer Identification Number (TIN), CMS will send issuers an email with a new Consolidated Payee Group ID for all of the Payee Groups. Issuers should email vendor_management@cms.hhs.gov with any additional questions on this matter.
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