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Thread: AZ Law regarding patient refunds

  1. #1
    Join Date
    Apr 2007
    Location
    Mesa, AZ
    Posts
    5

    Default AZ Law regarding patient refunds

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    I am trying to understand AZ Laws regarding the unclaimed property. Is there a minimum balance for patient credit refunds on patients that you can not contact or find to disburse the refund? I have researched many articles and the answers vary greatly: You don't have to refund the patient at all if the credit is under $25; You don't have to refund if under $50; Have to refund ANY amount within 60 days; Have to refund patient credit balances quarterly. Also, is there a minimum balance in AZ that we have to report unclaimed credit balances to the State? And do we have a certain number of years to locate the patient? I am very confused and the articles & state laws are confusing me more.

  2. #2
    Join Date
    Apr 2007
    Location
    Mesa, AZ
    Posts
    108

    Smile

    Hello:

    I don't have all the answers you are looking for, however I do know that AZ has no minimum dollar amount/value regarding unclaimed property.

    Per the www.azunclaimed.gov website FAQs.

    Good Luck!
    Jill Tom, COC, CPC, CPMA, CPC-I
    East Valley Kachina Coders
    East Valley Mesa, AZ AAPC Local Chapter
    President 2011
    President-Elect 2010
    New Member Development Officer 2009
    jillmtom@yahoo.com

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