Previous terms
continue: this ICR is approved for one year given that it is
associated with the issuance of annual guidance.
Inventory as of this Action
Requested
Previously Approved
02/29/2016
36 Months From Approved
02/28/2015
4,995
0
4,995
149,850
0
149,850
0
0
0
Under the Medicare Prescription Drug,
Improvement, and Modernization Act of 2003 (MMA), and implementing
regulations at 42 CFR, Medicare Advantage organizations (MAO) and
Prescription Drug Plans (PDP) are required to submit an actuarial
pricing "bid" for each plan offered to Medicare beneficiaries for
approval by the Centers for Medicare & Medicaid Services (CMS).
MAOs and PDPs use the Bid Pricing Tool (BPT) software to develop
their actuarial pricing bid. The information provided in the BPT is
the basis for the plan's enrollee premiums and CMS payments for
each contract year.
US Code:
42
USC 1395w-24 Name of Law: SUBMISSION OF PROPOSED PREMIUMS, BID
AMOUNTS, AND RELATED INFORMATION
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.