The Centers for Medicare & Medicaid Services (CMS) requests that Medicare Administrative Contractors (MACs) use information from Medicare Regulation 42 CFR Section 405.378 regarding interest rates for overpayments and underpayments to Medicare providers. Interest rates are based on quarterly assessments by the Secretary of Treasury. Contractors shall implement an interest rate of 10.00 percent effective April 18, 2017 for Medicare overpayments and underpayments.
Subject: Notice of New Interest Rate for Medicare Overpayments and Underpayments -3rd Qtr Notification for FY 2017
Release Date: April 11, 2017
Effective Date: April 18, 2017
Implementation Date: April 18, 2017
Special Notes: N/A