Insurers to work for bimonthly Part D pay cycle

June 19, 2006

America's Health Insurance Plans pledged to work with PBMs to ensure that payment for clean Part D claims is sent electronically or by mail at least twice monthly and no later than 30 days after the claims are submitted by the pharmacy. The industry will also work with PBMs and pharmacy to promote the availability and use of electronic funds transfer for Rx claims.

Insurers to work for bimonthly Part D pay cycle

America's Health Insurance Plans pledged to work with PBMs to ensure that payment for clean Part D claims is sent electronically or by mail at least twice monthly and no later than 30 days after the claims are submitted by the pharmacy. The industry will also work with PBMs and pharmacy to promote the availability and use of electronic funds transfer for Rx claims.

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