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Electronic Code of Federal Regulations

e-CFR Data is current as of April 23, 2014

Title 48: Federal Acquisition Regulations System
PART 1631—CONTRACT COST PRINCIPLES AND PROCEDURES
Subpart 1631.2—Contracts With Commercial Organizations


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]



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