Update to the Interest Paid on Clean Non-PIP Claims Not Paid Timely
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January 2, 2018

Update to the Interest Paid on Clean Non-PIP Claims Not Paid Timely

According to the Medicare Claims Processing Manual, (Pub 100-04, Ch. 1., §80.2.2), interest is paid on clean claims, not paid under the periodic interim payment (PIP) method, if payment is not made within 30 days after the date of receipt.  The interest rate is determined by the Treasury Department on a 6-mongh basis, effective every January and July 1.  Effective, January 1, 2018, the interest amount is 2.625%.

For additional information about when interest is paid on a claim, and how to calculate the interest, refer to the Medicare Claims Processing Manual, (Pub 100-04, Ch. 1External PDF, §80.2.2) at on the Centers for Medicare & Medicaid Services (CMS) website.  Current and past interest rate amounts can be viewed on the Treasury DepartmentExternal Website website.


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