On April 14, CMS released an e-alert on electronic fund transfer (EFT) standards, noting that in January 2014, 8 million health payments were made via EFTs through the Automated Clearinghouse Network. The agency said “this encouraging start continued through February and March, with the first 3 months of 2014 seeing a 32% increase in EFT transactions identified as health care payments over the fourth quarter of 2013.” Information on EFTs is available on the CMS website.
SEC. 1004 [42 U.S.C. 300gg–11-note]. EFFECTIVE DATES.
(a) IN GENERAL.—Except as provided for in subsection (b), this
subtitle (and the amendments made by this subtitle) shall become
effective for plan years beginning on or after the date that is 6
months after the date of enactment of this Act, except that the
amendments made by sections 1002 and 1003 shall become effective
for fiscal years beginning with fiscal year 2010.
(b) SPECIAL RULE.—The amendments made by sections 1002
and 1003 shall take effect on the date of enactment of this Act.