Claims Processing Timeliness Interest Rate - JF Part B

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

Resources

• Bureau of the Fiscal Service - U.S. Department of the Treasury - Prompt Payment