What is the Reconciliation Deadline?

The Reconciliation Deadline is the date by which a Plan Sponsor must complete Reconciliation. The Reconciliation Deadline is calculated as the last day of the fifteenth month after the Plan Year End Date (adjusted for Federal holidays and weekends). For Reconciliation Deadline dates, refer to Important Reconciliation Deadline Information. If interim payments were received and the Plan Sponsor does not complete Reconciliation by the Reconciliation Deadline, the sum of all payments received will become an overpayment, and CMS will initiate immediate action to recover those funds. Plan Sponsors that fail to meet the Reconciliation Deadline for a given application and have not received interim payments for that application will not be eligible for any subsidy payments for that application.