Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 16 - Office of Personnel Management Federal Employees Health Benefits Acquisition Regulation |
SubChapter E - General Contracting Requirements |
Part 1631 - Contract Cost Principles and Procedures |
Subpart 1631.2 - Contracts With Commercial Organizations |
§ 1631.201-70 - Credits.
Latest version.
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1631.201-70 Credits.
The provisions of FAR 31.201-5 shall apply to income, rebates, allowances, and other credits resulting from benefit payments. Examples of such credits include:
(a) Coordination of benefit refunds, including subrogation settlements;
(b) Hospital year-end settlements and other applicable provider discounts;
(c) Uncashed and returned checks;
(d) Utilization review refunds;
(e) Contract prescription drug rebates;
(f) Volume discounts;
(g) Refunds and other payments or recoveries attributable to litigation with subscribers or providers of health services; and,
(h) Erroneous benefit payment, overpayment, and duplicate payment recoveries.
[70 FR 31390, June 1, 2005]