The HCFA 1500 form is a professional paper claims form used by physicians and other medical service providers to submit claims for payment from Medicare carriers, notes the U.S. Government Publishing Office. The Centers of Medicare & Medicaid Services requires this form and renamed it Form CMS-1500 in 2001.
Private insurers and managed care plans use this form to bill and collect money from durable medical equipment regional carriers for services rendered, explains the U.S. Government Publishing Office. To receive payment, providers have up to one year to submit the form. Medical service providers may fill out the paper form or electronically bill contractors, notes the Centers for Medicare and Medicaid Services.