Preparing for the Q3 2016 Coverage Gap Discount Program (CGDP) invoicing period
Updating bank information
Please make sure that the TPA has the correct bank account information on file for both sending and receiving payments, as well as validating debit blocks and velocity filters. Failure to provide the proper banking information prevents your company from being able to make and/or receive payments and may result in a compliance action if payments cannot be made by the payment deadline.
eSignature
The TPA utilizes electronic signature (eSignature) for all bank account change forms. If there is a need to update bank information, as mentioned in the above paragraph, please follow the steps below:
For Payee Bank account modifications (account for receiving payments):
· EFT Information
· Choose “Payee Bank Account Change Form (account for receiving payments)”
· Fill out the form and follow online instructions
For Payer Bank account modifications (account for sending payments):
· EFT Information
· Choose “Payer Bank Account Change Form (account for sending payments)”
· Fill out the form and follow online instructions
The forms are largely the same as they were before, with the main difference being that the person completing the form must specify the authorized signer. Once the authorized signer is specified, that individual will receive an email message, inviting him or her to review and sign the form. After completing the application, the signer will be prompted to enter a Personal Identification Number (PIN), which will be electronically provided by the TPA. Once the authorized party enters his or her PIN, the signed form is electronically sent to the TPA for review and execution of the change. Executed copies of the form are then emailed to the person completing the form as well as the authorized signer. Once completed, the banking information will be updated immediately.
Change of Primary Point of Contact
If there has recently been a change in personnel at your company so that a new person will be interacting with the TPA and needs access to the CGDP Portal, please make sure that the Health Plan Management System (HPMS) has been updated to reflect this point of contact change and then contact the TPA for further instructions.
Pharmaceutical Drug Manufacturers and Part D Sponsors are required to periodically review their HPMS contact information for accuracy and update it as needed, as part of the CGDP requirements. HPMS contact information is a vital resource used by CMS and the TPA to disseminate important CGDP related information to program participants.
Pharmaceutical Drug Manufacturers and Part D Sponsors should make sure that the data displayed in HPMS is the most current information and reflects the correct personnel listed for the following fields:
· HPMS field “TPA Liaison”
· HPMS field “Coverage Gap Discount Program (CGDP) Payment Contact”
The TPA will be using HPMS to verify and update contact information for the following fields:
· TPA Primary Contact role = HPMS “TPA Liaison”
· TPA Payment Initiator role = HPMS “Coverage Gap Discount Program (CGDP) Payment Contact”
If you have any questions, please contact the TPA by phone at: 1-877-534-2772, option 1 or by email at tpaoperations@tpadministrator.com.
Last Updated: 10/24/2016