Method 2 (Matched Accounts Method) Clause Samples
Method 2 (Matched Accounts Method). Financial Institution shall provide the matching services. The Department shall prepare an Inquiry File identifying any Medicaid participant or applicant who may have undisclosed assets. The Inquiry or Recipient File is provided to Financial Institution by HMS and is to be used only for the purpose of determining whether any Medicaid participant or applicant with an undisclosed asset has an interest in an account maintained by Financial Institution. Financial Institution may not disclose or retain information concerning any Medicaid participant or applicant who does not have an interest in an account maintained by the Financial Institution. Any information related to the Data Match Program contained in documents, disks, magnetic media or other information acquired by Financial Institution from the Department or HMS will remain the property of the Department and must be returned to HMS promptly following each scheduled match.
Method 2 (Matched Accounts Method). Institutions may elect to match a file presented by the state, not more than quarterly, against all accounts maintained at that institution. The file will be sent to the person designated by the institution. It is to be returned with the Match File or No Match report after processing. Institutions electing this option must report information required on all accounts at the institution maintained on the state’s Inquiry File. You must deliver these reports within 30-45 days of receiving the Inquiry File.
Method 2 (Matched Accounts Method). The Department will provide the Financial Institution with quarterly electronic data files identifying individuals by name and social security number who owe past-due support. The Financial Institution will match the electronic data file against its open accounts. The Financial Institution’s open account data that matches to the Department’s data file will be provided to the Department in the manner specified by Method 2 of the OCSE Handbook. The Financial Institution will return a match file to the Department within fifteen (15) business days after receiving or downloading the Department’s data file.