Summary
This policy notifies nursing facilities and intermediate care facilities about the automatic 2.6% Social Security Cost-of-Living (COLA) increase that took effect January 1, 1996. Billing teams must review the COLA UPDATE REPORT provided by Unisys and reconcile patient payment amounts in the Turn Around Document (TAD) Block #35 if discrepancies of $1.00 or more exist, with notification requirements to County Welfare Agency or ISS depending on the difference amount.
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