DecisionHealth, DecisionHealth - 2009 Issue 5 (May)

Overpayment interest rate for Medicare now at 11%

The Treasury Department has reduced the private consumer interest rate to 11%, which became the interest rate for Medicare overpayments and underpayments on April 16. This is the second-lowest rate in nine years, according to CMS data. The lowest interest rate - 10.75% - was in effect from Feb. 11, 2003 to April 27, 2003.

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