1. Regulations
  2. title 42
  3. chapter IV-i1
  4. part 423
  5. subpart AA
  6. § 423.2740

View all text of Subpart AA [§ 423.2700 - § 423.2768]

§ 423.2740 - Negative invoice payment process for Part D sponsors.

(a) CMS will invoice negative amounts to Part D sponsors when a PDE(s) which had been previously invoiced is deleted or adjusted such that the reported Manufacturer Discount Program discount amount is less than originally invoiced.

(b) Part D sponsors are required to pay such negative invoice amounts in the manner specified by CMS within 38 calendar days of receipt of the invoice.

AUTHORITY: 42 U.S.C. 1302, 1306, 1395w-101 through 1395w-152, and 1395hh.

SOURCE: 70 FR 4525, Jan. 28, 2005, unless otherwise noted.

CITE AS: 42 CFR 423.2740