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Home Health & Hospice Week

Compliance:

MAKE THE MOST OF YOUR RED FLAGS RULE BREATHER

Published on Wed Apr 15, 2009

You now have until Aug. 1 to prepare but you'll need all of that time if you haven't started yet. May 1 has come and gone -- and some providers haven't yet prepared for the government's Red Flags Rule, which was due to go into effect by then. However, the feds have offered a gift -- a three-month extension -- to home care providers that have procrastinated. On April 30, the Federal Trade Commission, which oversees the government's implementation of the Red Flags Rule, announced the deadline extension. "The Federal Trade Commission will delay enforcement of the new 'Red Flags Rule' until August 1, 2009, to give creditors and financial institutions more time to develop and implement written identity theft prevention programs," the FTC said in a statement. Helping hand: The FTC will also give some guidance that you may find helpful. "For entities that have a low risk of identity theft, such [...]
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