Over the past two years, states have undertaken various initiatives–including audits, exams, regulations, and legislation–intended to require insurers to compare their life insurance policy records with the record of deaths included in the Social Security Administration Death Master File (DMF) to identify possible unpaid death benefits.

But now, the Obama Administration and some senator and Congressmen are now proposing to limit immediate access to the DMF to those users who legitimately need the information for fraud prevention purposes and to delay the release of the DMF for three years to all other users. This proposal is contained in the Treasury Department’s “Green Book” issued earlier this month to explain the revenue proposals that accompany the Administration’s proposed budget

By restricting or stopping access to the DMF would increase the cost and time in order to terminate payments, identify fraud and over payments. Restricting access to the DMF could effectively eliminate a service sector.

Small World Solutions and other vendors use the DMF to provide a valuable service to those third party administrator,  insurance companies, unions and pension funds to help save them time, monies and resources  By providing a centralize service, we help save those companies, we serve, valuable time and resources. We need to ensure proper access to the DMF , so we can better serve our customers and the industry. 

Thank you

 

Small World Solutions

www.smworldsolutions.com

Small World Solutions