Immediate Offset
WPS Medicare offers providers the opportunity to have Invoices (money requested by Medicare) collected through immediate offset. Providers must request this option by completing an Immediate Offset Request form and faxing it to our Financial department at (608) 301-2775.
What providers need to know about immediate offset:
- Requests for immediate offset will be processed within 1 business day after they are received.
- After an immediate offset has been requested, the next check or electronic funds transfer (EFT) will be used to close the Invoice. If one check or EFT does not have sufficient funds to close the AR, each check or EFT following the request will do the same until the AR is closed.
- Requesting an immediate offset does not eliminate interest payments when the Invoice is not offset in full within 30 days.
- The providers will receive remittance notices showing money withheld due to offset.
- Providers can watch for notification of an offset on the bottom of their remittance; this notice will be labeled with a "WO" followed by an FCN, which will be the Invoice number that offset.
- Providers are responsible for tracking which Invoice the payment is applied to by checking the remit notice against the Invoice request letter.
Page Last Updated: Thursday, 18-Mar-2010 05:56:08 CDT
