Notice of New Interest Rate for Medicare Overpayments and Underpayments: 4th Notification for FY 2009
Medicare Regulation 42 CFR §405.378 provides for the assessment of interest at the higher of the current value of funds rate (3 percent for calendar year 2009) or the private consumer rate as fixed by the Department of the Treasury. The Department of the Treasury has notified the Department of Health and Human Services that the private consumer rate has been changed to 11.25 percent effective July 17, 2009.
Source: Change Request 6241