Bill > HB2159

This bill establishes a new section of West Virginia law that defines and sets rules for interest on overpayments made to programs administered by the Bureau for Medical Services. Specifically, the bill mandates that any overpayment (defined as an amount paid that exceeds the allowable cost for goods or services) will accrue interest at the rate established in §56-6-31(b). The interest will be calculated on the unpaid balance from the date an overpayment is finalized until the balance is fully resolved, with the interest rate potentially changing each year based on the rate in effect during that period. Importantly, any interest collected will be retained by the fund from which the original overpayment was made. This provision aims to create a clear, standardized approach for handling and accounting for financial discrepancies in medical service payments, ensuring that both the state and service providers have a transparent mechanism for addressing and resolving overpayment situations.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2159&year=2025&sessiontype=RS&btype=bill