PROMPT Act

This bill proposes to amend the Social Security Act to enhance the timeliness of information provided to Medicare beneficiaries. It specifically mandates that the Secretary of Health and Human Services furnish an explanation of benefits (EOB) for services rendered under the Medicare program. The key provision requires that this EOB be provided no later than 30 days after an item or service is furnished, or after payment for such service is made or would have been made. This change aims to ensure beneficiaries receive prompt and clear details regarding their medical services and associated financial information, thereby increasing transparency and oversight.