Compliance: You May Soon Have Only 60 Days to Return Medicare Overpayments--Or You’ll Face Penalties

New CMS proposal would impact all self-identified overpayments that your contractor sends to you.

You've always known that it's improper to hang on to money that belongs to the government--but until now, you haven't had a strict deadline for returning it.

Thanks to the Affordable Care Act, CMS was asked to institute a specific timeframe by which you must return overpayments to the Medicare program. A proposed rule outlining the new deadline process was published in the Feb. 16 Federal Register.

If the proposal is finalized, you will have to return overpayments within 60 days of identifying the incorrect payment, or on [...]

- Published on 2012-02-17