Statute of Limitations on Insurance Refund Recoupment

Statute of Limitations on Insurance Refund Recoupment.

 State Regulations regarding Insurance Recoupment vary drastically. Some states, such as Minnesota, do not have a time limit statute set for insurance companies to request refunds based upon overpayments, duplicate payments, pricing changes or coverage changes. Some states, such as Texas and Maryland only allow 6 months for an insurance company to request a refund. So depending on what state you are in and depending on what the refund request is issued for can make a difference on how long the insurance company can request their money back. I have created a chart that will breakdown all of the laws by state. You can download the file below:

PRP State Insurance Recoupment Laws

If you would like to comment to the author, please send an e-mail to protrax@prorecovery.com or go to our contact page.

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