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. 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.

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 ECHO Health, you will receive Form 1099 from ECHO.	The same minimum income in #1 applies for payments received from ECHO. Note: On Feb. 21, 2024, Change Healthcare fell victim to a ransom attack. Magellan halted payment service from ECHO in February 2024 and began again in September 2024.
3. Magellan and 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 ECHO, provider will not receive Form 1099 from either company. Provider receives > $600 for services paid by Magellan and < $600 for services paid by ECHO, provider will only receive one Form 1099 from Magellan. If the reverse of this scenario applies, provider will receive one Form 1099 from ECHO. Provider receives > $600 in payments from both Magellan and ECHO, 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 merchant acquirer. Direct any questions related to these 1099-Ks to your merchant acquirer.

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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.