You will know you have an overpayment when you receive a Medicare demand letter.
You will have as long as you want to repay National Government Services (NGS), Inc. if you are not on automatic immediate recoupments.
When you recognize an MSP overpayment, how do you report it?
Medicare interest accrues monthly rather than daily.
The Medicare interest rate is currently?
Interest rate changes yearly.
If you are on automatic immediate recoupments, it reduces your office workload.
Would you void a claim and resubmit a corrected claim?
For contractor-specific overpayments you have 120 days from the date of the demand letter to submit an appeal.
You should check Medicare beneficiary eligibility frequently.