On February 12, 2016, the Centers for Medicare and Medicaid Services issued a Final Rule that specifies the time frame for reporting and returning overpayments.\u00a0 A new Section 1128J(d)(1) of the Affordable Care Act requires a person who has received an overpayment under parts A or B of the Medicare program to report and return the overpayment to the Secretary, the state, an intermediary, a carrier, or a contractor, as appropriate, at the correct address, and to notify the Secretary, state, intermediary, carrier or contractor to whom the overpayment was returned in writing of the reason for the overpayment.<\/p>\n
Overpayment<\/b> is defined as:<\/p>\n any funds that a person has received or retained under title XVIII of the Act to which the person, after applicable reconciliation, is not entitled under such title<\/i>.\u201d<\/p><\/blockquote>\n The Rule states that providers receiving funds under the programs must return overpayments by the later<\/b> of:<\/p>\n