Practitioners now have longer to pay back overcharges to MedicareSeptember 1, 2013
Health care practitioners may now have up to five years to return overpayments to Medicare under a newly revised Extended Repayment Schedules (ERS) program that takes effect Sept. 3.
Under the revised program, Medicare payment contractors may authorize extended repayment periods ranging from six to 36 months.
Longer repayment schedules, up to 60 months, may be approved by U.S. Centers for Medicare & Medicaid Services (CMS) staff.
Medicare generally requires return of overpayments within 30 days but the CMS may grant extensions if a practitioner demonstrates immediate repayment would represent a “hardship.”
Until now Medicare payment contractors could only give practitioners an extension of up to 12 months to return overpayments, although CMS officials could allow longer repayment periods if warranted.
Practitioners should note unreturned overpayments are subject to substantial interest.
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