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CMS announces raise in Medicare interest rates

Ambulatory Surgery Reimbursement Update, May 3, 2005

CMS announced that it has raised the interest rate for Medicare overpayments and underpayments to 12%.

The rate became effective on April 25, 2005.

The increase to 12% denotes an 1/8% raise to the interest rate, which was 11.875% from Feb. 8, 2005 - April 24, 2005.

The rate was 12% prior to its lowering on Feb. 8, 2005.

To view the CMS transmittal, click here.

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