overpayment

American  

[oh-ver-pay-muhnt] / ˌoʊ vərˈpeɪ mənt /

noun

plural

overpayments

1. a payment which exceeds the amount owed; the amount paid in excess of what is owed.

2. the act of paying more than is owed.

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Example Sentences

The forecasts for Medicare Advantage overpayments by the Senate Joint Economic Committee assumed a 20% overpayment rate.

From MarketWatch

The forecasts for Medicare Advantage overpayments by the Senate Joint Economic Committee assumed a 20% overpayment rate.

From MarketWatch

American seniors paid billions of dollars in extra premiums due to alleged Medicare overpayments, according to a report by the Joint Economic Committee, a bipartisan group of lawmakers that advises Congress on financial matters.

From The Wall Street Journal

The report’s calculations of Medicare Advantage “overpayments” are based on findings by the congressional Medicare Payment Advisory Commission, or MedPAC.

From The Wall Street Journal

Glutality’s largest unsecured creditor is insurance giant United HealthCare, which has asserted an $8.5 million claim against the start-up citing “overpayment for medical services.”

From Barron's