Compliance delays for the first years of reporting (2020 and 2021) make this first year of reporting a heavier lift and more cumbersome. December 27th, 2022 is the FINAL due date for submissions of 2020 and 2021 data.
These reporting years are referred to as the “reference year”, so for this first year there will be reporting for two reference years (2020 & 2021).
On an ongoing basis, for instance the reporting for 2022 data, that will be due as of June 1st. 2023 (the following year).
This structure to the reporting creates a tight time frame for reporting with the fact that in order to perform the reporting accurately you cannot begin your calculations on claims data until after March 31st of the year. This essentially gives you 60 days to pull it all together and have it submitted.