CMS to Begin Utilizing 2008 Life Table
It appears that once again, the life expectancy has continued to increase, as in past years, which may result in increased costs of future treatment. Notification on the CMS website just went up that as of January 19, 2013, CMS will begin referencing CDC’s Table 1: Life table for the total population: United States, 2008, for WCMSA life expectancy calculations. This means that for any newly submitted WCMSA proposal received by CMS uploaded via the Web portal, or where any WCMSA case is reopened on or after January 19, 2013, CMS will apply the CDC’s 2008 Table 1 for life expectancy calculations.
Much like last year, the change is small enough that the rounding should result in the same age in many instances so not all MSAs will require updates.
Click here to see the CMS announcement.
Click here to see the 2008 Life Table.