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| Notice of New Interest Rates for Medicare Overpayments and Underpayments The interest rates on overpayments and underpayments is determined in accordance with regulations promulgated by the Secretary of the Treasury and is the higher of the private consumer rate or the current value of funds rate prevailing on the date of final determination. Interest accrues from the date of the initial request for refund and is assessed for each 30-day period, or portion thereof, that payment is delayed after the initial refund request. Interest assessed for both late payments and installment payments is computed as simple interest using a 360-day year. Simple interest is interest that is paid on the original principal balance and after each payment interest accrues on the remaining unpaid principal balance. Interest charges will not be prorated on a daily basis for overdue payments received during the month (e.g., 10, 15, or 20 days late). Interest is assessed for the full 30-day period. The interest rate on each of the final determinations will be the rate in effect on the date the determination is made. If periodic but unscheduled payments or credits are made in different calendar quarters, the quarterly rate prevailing at the time of the final determination is charged and remains the same until the debt is liquidated. Interest must be recalculated based on the outstanding balance at 30-day intervals from the date of final determination. The interest rate charged on overpayments repaid through an approved extended repayment schedule is the rate that is in effect for the quarter in which the determination was made. The rate remains constant unless the provider defaults (i.e., misses two consecutive installment payments) on an extended repayment agreement. When the provider defaults on such an agreement, interest on the balance of the debt may be changed to the prevailing rate in effect on the date of the default if that rate is higher than the rate specified in the agreement. Period Interest RateFebruary 7, 2001–April 25, 2001 14.125%April 26, 2001–August 6, 2001 13.75%August 7, 2001–October 30, 2001 13.25%October 31, 2001–January 31, 2002 13.25%February 1, 2002–May 7, 2002 12.625%May 8, 2002–August 7, 2002 11.75%August 8, 2002–November 18, 2002 12.625%November 19, 2002–February 10, 2003 11.25%February 11, 2003–April 27, 2003 10.75%April 28, 2003–August 10, 2003 11.625%August 11, 2003–November 2, 2003 12.125%November 3, 2003–February 3, 2004 12.00%February 4, 2004–May 6, 2004 12.00%May 7, 2004–August 8, 2004 11.875%August 9, 2004–November 11, 2004 11.75%November 12, 2004–February 7, 2005 12.00%February 8, 2005–April 24, 2005 11.875%April 25, 2005–July 21, 2005 12.00%July 22, 2005–November 2, 2005 12.00%November 3, 2005–January 24, 2006 12.25%January 25, 2006–April 23, 2006 11.875%April 24, 2006-July 18, 2006 12.125%July 19, 2006-October 17, 2006 12.625%October 18, 2006-January 18, 2007 12.375%January 19, 2007 – April 19, 2007 12.5%April 20, 2007-July 19, 2007 12.375%July 20, 2007 – October 18, 2007 12.625%October 19, 2007 – January 17, 2008 12.5%January 18, 2008 – April 17, 2008 12.125%April 18, 2008 – July 23, 2008 11.375%July 24, 2008 – October 21, 2008 11.125%October 22, 2008 – January 22, 2009 11.375%January 23, 2009 – April 15, 2009 11.375%April 16, 2009 – July 16, 2009 11.00%July 17, 2009 – October 21, 2009 11.25%October 22, 2009 – January 24, 2010 10.875%January 25, 2010 11.25% |
| Registration and playback for the "On Demand" Medicare University 2009 Virtual Convention has been extended by popular demand to March 31, 2010. National Government Services has extended the availability for registration and playback of the 2009 Medicare University Virtual Convention "On Demand" courses through March 31, 2010. For the low cost of $150, you have access to over 60 unique on-demand courses, not offered through Medicare University, at a time that is convenient for you. Plus, you can earn as many as 57 continuing education units! Visit the Course page on the Medicare University 2009 Virtual Convention Web site to view a list of all the on-demand courses. After March 31, 2010 there is no turning back, so register today at www.NGSMEDICARECONVENTION.com Remember! National Government Services' Jurisdiction B DME MAC List Serve is for out going messages only. Please do not respond back to messages as your response will not be answered, as this is not an authorized mode of communication at this time, Thank you! National Government Services encourages all Web site users to provide feedback regarding ways to improve our Web site. The ForeSee Results (pop-up) survey is an easy mechanism for providers to use to let us know how we can best serve you. Your comments play a large role in the enhancements that are made to the National Government Services Web site. CONFIDENTIALITY NOTICE: This E-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply E-mail and destroy all copies of the original message. To unsubscribe/change profile: click here. |
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