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[Federal Register Volume 89, Number 234 (Thursday, December 5, 2024)]
[Notices]
[Pages 96653-96654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28458]

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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Centers for Medicare & Medicaid Services

[Document Identifiers: CMS-906]

Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Centers for Medicare & Medicaid Services, Health and Human 
Services (HHS).

ACTION: Notice.

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SUMMARY: The Centers for Medicare & Medicaid Services (CMS) is 
announcing an opportunity for the public to comment on CMS' intention 
to collect information from the public. Under the Paperwork Reduction 
Act of 1995 (PRA), Federal agencies are required to publish notice in 
the Federal Register concerning each proposed collection of information 
(including each proposed extension or reinstatement of an existing 
collection of information) and to allow 60 days for public comment on 
the proposed action. Interested persons are invited to send comments 
regarding our burden estimates or any other aspect of this collection 
of information, including the necessity and utility of the proposed 
information collection for the proper performance of the agency's 
functions, the accuracy of the estimated burden, ways to enhance the 
quality, utility, and clarity of the information to be collected, and 
the use of automated collection techniques or other forms of 
information technology to minimize the information collection burden.

DATES: Comments must be received by February 3, 2025.

ADDRESSES: When commenting, please reference the document identifier or 
OMB control number. To be assured consideration, comments and 
recommendations must be submitted in any one of the following ways:
    1. Electronically. You may send your comments electronically to 
http://www.regulations.gov. Follow the instructions for ``Comment or 
Submission'' or ``More Search Options'' to find the information 
collection document(s) that are accepting comments.
    2. By regular mail. You may mail written comments to the following 
address: CMS, Office of Strategic Operations and Regulatory Affairs, 
Division of Regulations Development, Attention: Document Identifier/OMB 
Control Number: ___, Room C4-26-05, 7500 Security Boulevard, Baltimore, 
Maryland 21244-1850.
    To obtain copies of a supporting statement and any related forms 
for the proposed collection(s) summarized in this notice, please access 
the CMS PRA website by copying and pasting the following web address 
into your web browser: https://www.cms.gov/Regulations-and-Guidance/Legislation/PaperworkReductionActof1995/PRA-Listing.

FOR FURTHER INFORMATION CONTACT: William N. Parham at (410) 786-4669.

SUPPLEMENTARY INFORMATION:

Contents

    This notice sets out a summary of the use and burden associated 
with the following information collections. More detailed information 
can be found in each collection's supporting statement and associated 
materials (see ADDRESSES).

CMS 906 Fiscal Soundness Reporting Requirements (FSRR)

    Under the PRA (44 U.S.C. 3501-3520), federal agencies must obtain 
approval from the Office of Management and Budget (OMB) for each 
collection of information they conduct or sponsor. The term 
``collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 
1320.3(c) and includes agency requests or requirements that members of 
the public submit reports, keep records, or provide information to a 
third party. Section 3506(c)(2)(A) of the PRA requires federal agencies 
to publish a 60-day notice in the Federal Register concerning each 
proposed collection of information, including each proposed extension 
or reinstatement of an existing collection of information, before 
submitting the collection to OMB for approval. To comply with this 
requirement, CMS is publishing this notice.

Information Collections

    1. Type of Information Collection Request: Extension of a currently 
approved collection; Title of Information Collection: Fiscal Soundness 
Reporting Requirements (FSRR); Use: Title 18, section 1857(d)(4)(A)(i) 
requires that contracting organizations such as Medicare Health Plans 
(including Medicare Advantage (MA) organizations, Medicare-Medicaid 
Capitated Financial Alignment Demonstrations (MMPs)) and 1876 Cost 
Plans), Prescription Drug Plan sponsors

[[Page 96654]]

(PDPs), and Programs of All-Inclusive Care for the Elderly (PACE) 
organizations report financial information demonstrating the 
organization has a fiscally sound operation. The FSRR is designed to 
capture financial data of these contracting entities. The Division of 
Finance and Benefits (DFB) within the Medicare Advantage Contract 
Administration Group (MCAG) of CMS is assigned the responsibility of 
reviewing ongoing financial performance of the contracting entities.
    All contracting organizations must submit audited annual financial 
statements one time per year. In addition to the audited annual 
submission, Health Plans with a negative net worth and/or a net loss 
and the amount of that loss is greater than one-half of the 
organization's total net worth submit quarterly financial statements 
for fiscal soundness monitoring. Part D organizations are required to 
submit three (3) quarterly financial statements. Lastly, PACE 
organizations are required to file four (4) quarterly financial 
statements for the first three (3) years in the program. After the 
first three (3) years, PACE organizations with a negative net worth 
and/or a net loss and the amount of that loss is greater than one-half 
of the organization's total net worth must submit quarterly financial 
statements for fiscal soundness monitoring. Form Number: CMS-906 (OMB 
control number: 0938-0496); Frequency: Quarterly and Yearly; Affected 
Public: Private Sector (Business or other for-profits, Not-for-Profit 
Institutions); Number of Respondents: 251; Total Annual Responses: 
1,004; Total Annual Hours: 335. (For policy questions regarding this 
collection contact Christa M. Zalewski at (410) 786-1971.)

William N. Parham, III,
Director, Division of Information Collections and Regulatory Impacts, 
Office of Strategic Operations and Regulatory Affairs.
[FR Doc. 2024-28458 Filed 12-4-24; 8:45 am]
BILLING CODE 4120-01-P
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