The MSPRC & CMS recently updated interest rates for failure to pay Medicare liens. It is now 10.875% per annum. Keep in mind that a 60-day grace period, plus an additional five days for MSPRC “mailing time,” is given prior to accrual of any interest. After that 65 days, two months interest will be charged to the lien. This interest is to be paid by the beneficiary – however, more often than not, it is the fault of the plaintiff attorney.
MSPRC & CMS Update Interest Rate