Common Question: How do I get my Medicare payments directly deposited into my account?
Answer: You will set up an Electronic Funds transfer with Medicare.
Please NOTE: You can now submit your 588 form ONLINE via Pecos: https://pecos.cms.hhs.gov/pecos/login.do#headingLv1. Follow the instructions below to submit this enrollment.
Electronic Funds Transfer (EFT) deposits your Medicare payments directly into your bank account. CMS requires all providers that are enrolling in Medicare Part A, revalidating, or when the EIN, pay-to address or LBN to their file is being changed, must complete the EFT. Complete the form and have it signed and dated by the provider or authorized/delegated official (for groups or organizations). The signature must be original with a date (cannot be a copy or stamped signature). To sign up, complete an Electronic Funds Transfer Authorization Agreement - CMS 588 
.1
These instructions are for California & Arizona Providers (see below if you are located in CO)
You will set up your EFT (Electronic Funds Transfer) for Medicare payments directly through Medicare (as you are an Independent Practitioner).
Here is a link to the EFT Form (also known as the CMS588 form)
Link to Document
You will mail this form (along with the additional information requested in the video to).
Recommended: I would put an attn to EFT Enrollment -- CMS form 588:
Arizona
| Noridian JF Part B
Attn: _______ (if applicable)
PO Box 6704
Fargo, ND 58108-6704 | Noridian JF Part B
Attn: _______ (if applicable)
900 42nd St S
PO Box 6704
Fargo, ND 58103-2119 |
| California - Northern and Southern | Noridian JE Part B
Attn: _______ (if applicable)
PO Box 6770
Fargo ND 58108-6770 | Noridian JE Part B
Attn: _______ (if applicable)
900 42nd St S
PO Box 6770
Fargo ND 58103-2119 |
| Colorado **Follow steps below** |
| Washington | Noridian JF Part B
Attn: _______ (if applicable)
PO Box 6700
Fargo, ND 58108-6700 | Noridian JF Part B
Attn: _______ (if applicable)
900 42nd St S
PO Box 6700
Fargo, ND 58103-2119 |
|
|
|
If you have additional questions, you can reach out to their provider enrollment center:
Provider Enrollment: M-F 6 a.m. - 5 p.m. PT 855-609-9960
Colorado Providers -- Novitas
Are you a Colorado Provider? Follow these steps
Colorado Providers will submit the same 588 form to set up their EFT enrollment.
How to submit a 588 form for Novitas Medicare billing.
Here is a link to the 588 form.
Please mail forms to:
Novitas Solutions
Provider Enrollment Services
P.O. Box 3095
Mechanicsburg, PA 17055-1813
UPLOAD THROUGH PECOS
Step 1: Login to PECOS and from the home page scroll down and click on "My Associates"
Step 2: Scroll down to the bottom and under "Individual Enrollments" you should see your enrollment information and the option to click on "View Enrollments", select that option
Step 3: Scroll down to where it says "Existing Enrollments" and click on "More Options"
Step 4: Select "Perform a Change of Information to Current Enrollment Information" as shown in the screenshot below
Step 5: Select Option 2 "You are making other changes to existing enrollment information
Step 6: Click on "Start Application"
Step 7: You will see a list of all of the information for your current Medicare Enrollment, from here scroll down to where you see the topic "Electronic Funds Transfer", click on where it says "Go to Topic" (shown in screenshot below)
Step 8: Enter all of the information for your EFT enrollment and follow the prompts to save you information
Step 9: *They will likely require you to upload a copy of a voided check to prove ownership of bank acct information, this would be uploaded under the document upload page.
- To do this click on "Topic View"
- "Required and/or Supporting Documentation"
- "Yes, upload documents now"
- From the list of options click on "voided check"
- Upload your voided check and click "save"
Step 10: Click on "Return to Topics" and scroll to the bottom where it says "Begin Submission", click this and follow the prompts to submit your changes to PECOS.
1. Is the CMS-588 electronic funds transfer form required?
Per CMS regulations, all provider/suppliers who plan to bill for Medicare services are required to receive payment electronically. If you are an individual, organization or Part A provider who plans to bill for Medicare services, this form must be included in your enrollment package. This form is used to have Medicare payments directly deposited into your bank account.
2. What supporting documentation is needed?
Along with the CMS-588 form, a voided check or bank letterhead is required to verify your account and routing number. The voided check must be a true voided check-starter checks are not acceptable. If you choose to send in a bank letterhead, it must consist of- name on account, routing number, account number, account type, bank officer's name and signature.
Note: For an organization or Part A provider, the legal business name on the voided check or bank letterhead must match what is reported to the IRS and enrollment file exactly. For an individual, the first and last name must match what is reported to the SSA and enrollment file exactly.
Bank accounts cannot be jointly held.
3. If I have a sole owner group, do I list my individual information or my group's information?
A sole owner group is defined as a group owned by one person. If the EFT form is for a sole owner group, you must supply the group's information. The legal business name, EIN, PTAN (if issued), and NPI would be the group's information. The supporting documentation (voided check or bank letterhead) must also be in the legal business name of the group.
4. Who signs this form in part V?
For an individual, the provider supplies his/her name, telephone number, official title, e-mail address, signature, and date. For an organization or Part A provider, the authorized or delegated official signs the form. The individual must already be designated as an authorized or delegated official for the entity in the enrollment file. If he/she is not, please submit a change of information application along with the CMS-588.
5. We changed banking institutions. How do we make that change for EFT?
To change your current EFT information, please complete an EFT Authorization Agreement Form (CMS-588). Under section 1, check the box for change to current EFT enrollment. The EFT authorization agreement form is in the Enrollment Center of our website.2 6. What is the account holders address?
Enter the account holder's physical street address, city, state, and zip code.
This cannot be a PO Box.
7. What is the Medicare Identification Number? (also called a PTAN)
Enter the Medicare Identification Number assigned by the contractor, if one has been issued. This is also referred to as a provider enrollment access number (PTAN).
If you are not yet enrolled in Medicare, this box can be left blank.
1 https://med.noridianmedicare.com/web/jea/enrollment/cms-588-instructions
2 https://www.novitas-solutions.com/webcenter/portal/MedicareJH/pagebyid?contentId=00004867
