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What is the 60-day refund rule?

The 60-day refund rule, also referred to as the 60-day overpayment rule, is a statutory provision of the Affordable Care Act requiring Medicare and Medicaid providers and suppliers to report and return reimbursements made in error (overpayments) within 60 days of identification of the overpayment or, if applicable, the date any corresponding cost report is due.

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