Provider Focus - What to know about your Form 1099s

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What you need to know about your Form 1099s

Complete financial mailing address changes by Dec. 15

In January, Magellan Healthcare and our vendor for electronic reimbursement, ECHO Health,* will issue IRS Form 1099s to Magellan providers for claims payments made in 2024. Form 1099s will be postmarked to all payees on or before Jan. 31, 2025.

We will mail your Form 1099 to the financial address on record. If you want your 1099s to go to a different address, you must update your financial address electronically via the Magellan provider website and/or the ECHO portal. Complete your financial mailing address update no later than Dec. 15, 2024.

Magellan provider website: www.MagellanProvider.com
- After sign in, select Display/Edit Practice Information in the left menu, then click the Financial Address section of the page. Edit your address then Save.
ECHO: www.providerpayments.com
- For help updating your address in the ECHO portal, access the Provider Payments Portal Quick Reference Guide after sign in by selecting the Help button.

Troubleshooting guide

If you have not received your Form 1099 for 2024 from Magellan or ECHO by Feb. 28, 2025, the following troubleshooting guide can help.

1. Did you receive payments for services of more than $600 in the calendar year?	No – federal law does not require issuance of Form 1099. (However, if you received less than $600, you may be required to report that income to the IRS. Please contact a tax advisor.) Yes – you should receive Form 1099. See #3.
2. If you provided services for Magellan but received your payments via Change Healthcare (ECHO), you will receive Form 1099 from Change Healthcare.	On Feb. 21, 2024, Change Healthcare fell victim to a ransom attack. Payment service from Change Healthcare stopped in February 2024 and began again in September 2024. The same minimum income in #1 applies for payments received from Change Healthcare.
3. Magellan and Change Healthcare (ECHO) are not required to combine income amounts to report to the IRS. The following scenarios may apply:	Provider receives < $600 for services paid by Magellan and < $600 for services paid via Change Healthcare, provider will not receive Form 1099 from either company. Provider receives > $600 for services paid by Magellan and < $600 for services paid by Change Healthcare, provider will only receive one Form 1099 from Magellan. If the reverse of this scenario applies, provider will receive one Form 1099 from Change Healthcare. Provider receives > $600 in payments from both Magellan and Change Healthcare, provider will receive two Form 1099s, one from each company.
4. Was the income paid under a different Tax Identification Number (TIN)?	Check your payment records to verify the TIN used. If the TIN on the payments received is different, Form 1099 would be issued under the TIN used for payments. Please check with that entity for a copy of the Form 1099.
5. If you receive ECHO payments via virtual credit card, Form 1099-K will be issued by your banking institution. Direct any questions related to these 1099-Ks to your banking institution.

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Welcome to Provider Focus, our award-winning e-newsletter for network providers! Here you’ll find articles and information to keep you up-to-date on news and topics relevant to serving Magellan members, including a section for regional- and plan-specific news. Check back as a new issue is released each quarter.