CY2009_Part D Nonmaterial changes_022009

Memo
To:

Karen Matsuoka, Office of Management and Budget

From:

Alice Lee-Martin, Division of Clinical and Operational Performance, MDBG, CPC

CC:

Bonnie Harkless, OSORA

Date:

February 2, 2009

Re:

Non-material/non-substantive changes to Part D Reporting Requirements

It has been identified that three non-material and non-substantive changes need to be made to our currently
approved Part D reporting requirements document, CMS-10185. An explanation for each change is listed
below. In addition, a red-line document that identifies these change is provided. These changes do not
increase, decrease, or otherwise change the burden associated with this data collection.
Reporting
section
Part D
Licensure and
Solvency,
Business
Transactions
and Financial
Reporting
Requirements

Current

New (Change)

Explanation

Subsection I:
Sponsors mail
hard copies of
their financials and
other required
financial
documentation.

Part D sponsors will submit
financial statements as well
as other required financial
data electronically through
the Fiscal Soundness
Module located in HPMS.
Within each data element,
we have revised language
to reflect this change.
Data element revised to
state, “Cash from
operations…”
Data element revised to state,
“Cash and short term
investments…”

Based on the integration of Parts C
and D financial solvency reviews,
these data need to be reported in the
same HPMS module. The Fiscal
Soundness Module in HPMS has
been modified to accommodate Part
D financial reporting.

Subsection III, data
element C) “Cash…”
Subsection III, data
element D) “Cash
and cash
equivalents…”

Adding “from operations” clarifies the
source of which cash should be
reported.
The terms cash and short-term
investments are utilized in Statutory
Accounting Principles; this method of
reporting is consistent with that
required by the state insurance
departments. This change in
terminology serves to clarify the data
to be reported.

Please contact me at [email protected] or 410 786-1103 if you have any questions. Thank you for
your assistance.

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