All medical practices except sole proprietorships must furnish an amortization schedule when applying to Medicare for an extended repayment plan (ERP). Practices may submit requests in writing for an ERP if repaying a Medicare overpayment will cause financial hardship for the practice.
The amortization schedule must contain the proposed repayment schedule, including the length of the proposed repayment, dates of payments, and payment amount broken down between principal and interest for the life of the schedule.
Go to the TrailBlazer Health Enterprises Web site for the requirements ( PDF ) for applying for an ERP and link to an amortization table to help you compile the necessary information.
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