On Feb, 12, 2016, CMS issued its final rule implementing the Affordable Care Act (ACA) requirement that providers and suppliers report and repay overpayments from Medicare, known as the "60-Day Rule." The ACA requires a person who has received an overpayment to report and return the overpayment by the later of (a) 60 days after the date the overpayment was identified; or (b) the date any corresponding cost report is due, if applicable. Notably, the final rule imposes a look-back period of six years, a shorter time period than the ten year period set forth in a proposed version of the rule previously circulated by CMS.
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