January 2012 The Centers for Medicare & Medicaid Services (CMS) Interim Final Rule with Comment period (IFC) to adopt standards for the Health Care Electronic Funds Transfers (EFT) and Electronic Remittance Advice transaction (ERA) under the Health Insurance Portability and Accountability Act of 1996 (HIPAA).

April 2013 The Interim Final Rule stands with no modifications. Per CMS, the EFT & ERA Operating Rule Set IFC is a final rule that is in effect now, which means industry implementation efforts should be underway for the January 1, 2014 compliance date. For free copies of the EFT & ERA Operating Rule Set see http://www.caqh.org/