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Prompt Pay

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oneround:
Good afternoon ladies and gents and TGIF.  Do any of you that bill/have billed or know if WC is also held to prompt pay standards?  Or do they pay when they pay?  I can't locate anything in the Federal Reg. on this.

Michele:
Good question.  I hope somebody answers!  :)  No seriously I have wondered the same thing myself.  I always thought that they were, however, most don't seem to follow that rule and I have never seen them pay interest.

Michele

Pay_My_Claims:
never seen it in NC

PMRNC:
No they do not have to adhere to state prompt pay laws because of the nature of the industry.. WC cases can investigate until they deem the claim payable or not. HOWEVER they do have to adhere to responding.. depending on the state they have to tell you what they are doing with the claim within that time frame ie; Pay, Pend, need info..etc.

DMK:
In CA, they have to pay in 45 business days or pay penalties and interest, State Fund is a pain, but they do police themselves well and their software automatically adds p&I.  Unfortunately that's considered "prompt pay".  Be sure to include the authorization and current PR-2's with EACH bill. 

Dina

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