Unfortunately I am in a position where I likely need to repeat my intern year in a primary care residency, and had a couple questions about Medicare funding of residency (in the event my current residency doesn't work out).
1. In regards to Medicare paying for a 3 year primary care residency, I am unsure which of the following two scenarios is correct.
a. Medicare pays for the first three calendar years of training (no matter what PGY level a resident is at), and any additional calendar years the payment is reduced.
b. Medicare pays once for PGY-1, once for PGY-2, and once for PGY-3.
2. Since I am currently on my second year of PGY-1, is my program able to collect the full medicare payments on me this year?
3. If I end up taking two years to complete PGY-1 at my current program, and I were to start at new program as a PGY-2 next July, would the new program get paid the full amount on my PGY-2 and PGY-3 years?
Any information on the matter is appreciated.
1. In regards to Medicare paying for a 3 year primary care residency, I am unsure which of the following two scenarios is correct.
a. Medicare pays for the first three calendar years of training (no matter what PGY level a resident is at), and any additional calendar years the payment is reduced.
b. Medicare pays once for PGY-1, once for PGY-2, and once for PGY-3.
2. Since I am currently on my second year of PGY-1, is my program able to collect the full medicare payments on me this year?
3. If I end up taking two years to complete PGY-1 at my current program, and I were to start at new program as a PGY-2 next July, would the new program get paid the full amount on my PGY-2 and PGY-3 years?
Any information on the matter is appreciated.