Timely Deposit of Overpayment Refund Checks

170.7 - Timely Deposit of Overpayment Refund Checks (Rev. 29, 01-02-04) Promptly deposit all refund checks into the Medicare “Federal Health Insurance Benefits Account”. The FI/Carrier shall credit all such deposits on the day following the date of receipt in its mailroom or initial point of entry. (It shall credit within 2 days if the bank is not located in the same city as the contractor.). (See Ch.5, §100.3)