CMS Officially Updates MAAP Repayment Terms 

Due to a provision included in the Continuing Resolution (CR) (H.R. 8337), which was passed by Congress and signed into law by President Trump last week, the Centers for Medicare and Medicaid Services (CMS) announced new repayment terms for funds received through the Medicare Accelerated and Advance Payment (MAAP) program. Below is an excerpt of the special news bulletin sent by CMS on Thursday:

“Providers were required to make payments starting in August of this year, but with this action, repayment will be delayed until one year after payment was issued. After that first year, Medicare will automatically recoup 25% of Medicare payments otherwise owed to the provider or supplier for 11 months. At the end of the 11-month period, recoupment will increase to 50% for another 6 months. If the provider or supplier is unable to repay the total amount of the AAP during this time-period (a total of 29 months), CMS will issue letters requiring repayment of any outstanding balance, subject to an interest rate of 4%.”