Skip Ribbon Commands
Skip to main content


RIMS Celebrates Presidential Approval of the SMART Act 1/11/2013





Legislation Poised to Streamline Reporting Process for Medicare Settlements


(NEW YORK) January 11, 2013 – RIMS, the Risk Management Society™, External Affairs Committee celebrated the authorization of The SMART Act, a bipartisan legislation that streamlines the reporting process for insurers, self-insurers and nongroup health insurers, who are secondary payers, where there is a settlement with a Medicare beneficiary.

“The SMART Act was a legislative priority for RIMS and, its approval, is a major victory for the entire risk management community,” said Carolyn Snow RIMS Board Liaison to the Society’s Government Affairs Committee. “The implications of this important piece of legislation are widespread and will be instrumental in replenishing the Medicare Trust Fund and avoiding the potentially high fines associated with these settlement processes.”

The SMART Act was attached to HR 1845 which provides Medicare coverage for the in-home administration of intravenous immune globulin.  It was approved by the United States House of Representatives and the Senate in December 2012.

The legislation can be read here:

# # #

About RIMS

As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society™, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000 risk practitioners who are located in more than 60 countries. For more information about the Society’s world-leading risk management content, networking, professional development and certification opportunities, visit

​ ​

For more information, contact:

Josh Salter, RIMS communications manager, (212) 655-6059 or



Access the most comprehensive directory of solution providers for risk professionals.


myCOI's suite of products provides you with the right solution to simplify the tracking process and minimize your risks of an uninsured claim and costly litigation...

RWH Myers

RWH Myers is committed to helping policyholders through business interruption and property damage claims, efficiently and accurately...


Navigant represents policyholders in the analysis of losses and preparation of complex insurance claims...