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OIR Releases Informational Memorandum on PIP Fee Schedule

OIR Releases Informational Memorandum on PIP Fee Schedule

The Office of Insurance Regulation (OIR) has released Informational Memorandum OIR-12-06M to all insurers writing motor vehicle insurance in Florida.  The memorandum inteprets a provision of HB 119 on PIP reform providing that the applicable fee schedule is the Medicare fee schedule in effect on March 1 of the year in which services are rendered and the “applicable fee schedule or payment limitation applies through the remainder of that year. . .”

Insurers have expressed uncertainty whether the above-quoted provision means the fee schedule stays in effect through December 31, or whether it suggests the fee schedule remains in effect until the following March 1.  The OIR’s memorandum indicates that it believes the plain language of the statute and the legislature’s underlying intent is for the fee schedule to remain in effect through the following March 1.