TrailBlazer currently issues Medicare payments from accounts with Bank of America/Merrill Lynch. Due to CMS mandates, TrailBlazer will begin issuing Medicare payments from JP Morgan Chase Bank, effective August 2, 2010. As a result of this change, if you currently receive Medicare payments by Electronic Funds Transfer (EFT) to an account with Bank of America, you will experience a change in the date that EFT payments are posted to your account.
Currently, because both accounts (TrailBlazer and provider) are with Bank of America, payments are transmitted to provider accounts the same day that TrailBlazer releases payments. When the banking change to JP Morgan Chase is effective, payments will transmit through the Federal Reserve Banking System's clearing process to reach the receiving bank. As a result, payments will not be posted to your account on the same day they are released as you are currently experiencing. This does not mean that the payment is late, but it does mean that payments will no longer be posted to your account as it is currently being done.
