Medicare Overpayments
a year ago
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10 QuestionsShow answers
  • Question 1
    30 seconds
    Q.

    You will know you have an overpayment when you receive a Medicare demand letter.

    answer choices

    True

    False

  • Question 2
    30 seconds
    Q.

    You will have as long as you want to repay National Government Services (NGS), Inc. if you are not on automatic immediate recoupments.

    answer choices

    True

    False, you have 30 days from the date of the letter, if you are not on automatic immediate recoupments

  • Question 3
    30 seconds
    Q.

    When you recognize an MSP overpayment, how do you report it?

    answer choices

    Complete the MSP Post-Pay Overpayment form.

    File a Redetermination.

    File a Reopening.

  • Question 4
    30 seconds
    Q.

    Medicare interest accrues monthly rather than daily.

    answer choices

    True

    False

  • Question 5
    30 seconds
    Q.

    The Medicare interest rate is currently?

    answer choices

    10.625%

    10.25%

    9.750%

  • Question 6
    30 seconds
    Q.

    Interest rate changes yearly.

    answer choices

    True

    False , changes quarterly

    False, changes monthly

    False, changes bimonthly

  • Question 7
    30 seconds
    Q.

    If you are on automatic immediate recoupments, it reduces your office workload.

    answer choices

    True

    False

  • Question 8
    30 seconds
    Q.

    Would you void a claim and resubmit a corrected claim?

    answer choices

    No, correct the initial claim.

    No, file a reopening.

    Yes.

  • Question 9
    30 seconds
    Q.

    For contractor-specific overpayments you have 120 days from the date of the demand letter to submit an appeal.

    answer choices

    True

    False

  • Question 10
    30 seconds
    Q.

    You should check Medicare beneficiary eligibility frequently.

    answer choices

    True

    False

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