Medicare Overpayments

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

• True

• False

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

• True

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

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

• Complete the MSP Post-Pay Overpayment form.

• File a Redetermination.

• File a Reopening.

Medicare interest accrues monthly rather than daily.

• True

• False

The Medicare interest rate is currently?

• 10.625%

• 10.25%

• 9.750%

Interest rate changes yearly.

• True

• False , changes quarterly

• False, changes monthly

• False, changes bimonthly

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

• True

• False

Would you void a claim and resubmit a corrected claim?

• No, correct the initial claim.

• No, file a reopening.

• Yes.

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

• True

• False

You should check Medicare beneficiary eligibility frequently.

• True

• False