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January 3, 2023

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

CGS must pay interest on clean claims not subject to the periodic interim payment (PIP) mechanism if not paid within 30 days after the receipt date. The Treasury Department determines the interest rate on a 6-month basis, effective every January and July 1. Effective January 1, 2023, the interest amount is 4.625%.

For additional information, refer to the Medicare Claims Processing Manual (Pub 100-04), Ch. 1, ยง80.2.2External PDF. Current and past interest rate amounts are available on the Treasury DepartmentExternal Website website.


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