Social Security Administration updates civil monetary penalties for fraud facilitators
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Table of Contents
The Social Security Administration has finalized a rule that adjusts the maximum fines it can charge for certain violations of federal law. These adjustments are required by a 2015 law designed to keep penalty amounts in line with inflation.
Why it matters: This action ensures that the financial penalties for violating social security fraud and misinformation laws retain their intended deterrent value as prices rise. Without these adjustments, the fixed dollar amounts would lose purchasing power over time, making them less effective at discouraging violations.
Who it affects
- Healthcare providers and entities participating in Medicare or Medicaid who face civil monetary penalties for fraud facilitation
This final rule was published by the Social Security Administration in the Federal Register on December 10, 2024. Readers should verify the specific regulatory text in the original document before relying on it for compliance purposes.
Agency: Social Security Administration
Source: Federal Register — read the official document