Electronic Funds Transfer

Published 09/08/2022

Our EFT specialists can get you that information. You can reach them by email at RRBEFT.ADMIN@palmettogba.com.

Last Reviewed: 9/8/2022

Our EFT specialists can give you an update. They can be reached at RRBEFT.ADMIN@palmettogba.com.

Last Reviewed: 9/8/2022

Railroad Medicare does not require or process forms to set up electronic funds transfer (EFT), or to make changes to EFT bank account information. Railroad Medicare EFT is set up using the bank account information that is on file for the provider with your local Part B Medicare Administrative Contractor (MAC). 

To establish EFT or report the changes to your bank account, please email our EFT specialists at RRBEFT.ADMIN@palmettogba.com.

You can also email our Railroad Medicare EFT specialists to:

  • Check the status of EFT requests
  • Verify EFT effective dates
  • Request EFT notification letters

Include your Railroad Medicare PTAN, your NPI and your Tax ID Number. Do not include any bank account information in your email; this information will be retrieved from your local Part B MAC. 

Last Reviewed: 9/8/2022

Our EFT specialists can help answer those questions. They can be reached at RRBEFT.ADMIN@palmettogba.com.

Last Reviewed: 9/8/2022

Our electronic funds transfer (EFT) specialists can get those for you. They can be reached at RRBEFT.ADMIN@palmettogba.com.

Last Reviewed: 9/8/2022

Our electronic funds transfer (EFT) specialists can make those updates. You can reach them by email at RRBEFT.ADMIN@palmettogba.com.

Last Reviewed: 9/8/2022

When you look at the top right side of your remittance advice and see a Check/EFT number that begins with an 80, 81, 88 or 89, this is an indication that your payments have been made by electronic funds transfer (EFT) instead of by a paper check.

EFT allows a financial institution to deposit Railroad Medicare payments directly into a designated account. There is no charge by Railroad Medicare for this service, and EFT deposits will appear on bank statements. With EFT, you prevent the possibility of checks being lost or delayed in the mail and eliminate the need for staff to prepare daily bank deposits. Providers will continue to receive the standard provider remittance notices (SPRs) unless they elect to receive electronic remittance advices (ERAs).

Railroad Medicare uses the information from your CMS-588 form on file with your local Part B Medicare Administrative Contractor (MAC) to set up your EFT. Once you have been established to receive funds EFT, you are no longer eligible to receive your Railroad Medicare payments via paper checks.

If you have any questions regarding your EFT payments, please email your question to RRBEFT.ADMIN@palmettogba.com.

Last Reviewed: 9/8/2022