Claims Processing Timeliness Interest Rate

Interest must be paid on clean claims if payment is not made within 30 days (ceiling period) after the date of receipt. The ceiling period is the same for both Electronic Media Claims (EMCs) and paper claims. Interest is not paid on:

  • Claims requiring external investigation or development by Contractor
  • Claims on which no payment is due
  • Full denials *if partial denial, interest is payable on reduced amount

The interest rate is determined by the applicable rate on the day of payment. This rate is determined by the Treasury Department on a six month basis, effective every January and July 1. The interest period begins on the day after payment is due and ends on the day of payment.

CPT Interest Rate for Past Five Years

Period Rate
Jul 2019 - Dec 2019 2.625
Jan 2019 - June 2019 3.625
Jul 2018 - Dec 2018 3.500
Jan 2018 - Jun 2018 2.625
Jul 2017 - Dec 2017 2.375
Jan 2017 - Jun 2017 2.500
Jul 2016 - Dec 2016 1.875
Jan 2016 - Jun 2016 2.500
Jul 2015 - Dec 2015 2.375
Jan 2015 - June 2015 2.125
Jul 2014 - Dec 2014 2.000

 

Resources

 

Last Updated Jul 03, 2019