§ 22-3-7.2-6 — Payment or denial of claims; interest

Indiana § 22-3-7.2-6

• Jurisdiction: Indiana
• Art. 3: WORKER'S COMPENSATION SYSTEM
• Ch. 7.2: Payments of Claims

Text

(a) A payor shall pay or deny each clean claim
as follows:
(1) If the claim is filed electronically, not more than thirty (30)
days after the date the claim is received by the payor.
(2) If the claim is filed on paper, not more than forty-five (45)
days after the date the claim is received by the payor.
(b) If:
(1) a payor fails to pay or deny a clean claim in the time required
under subsection (a); and
(2) the payor subsequently pays the claim;
the payor shall pay the medical service provider that submitted the
claim interest on the amount of the payor's pecuniary liability under IC 22-3-2 through IC 22-3-7 for the claim paid under this section.
(c) Interest paid under subsection (b):
(1) accrues beginning:
(A) thirty-one (31) days after the date the claim is received
under subsection (a)(1); or
(B) forty-six (46) days after the date the claim is received under
subsection (a)(2); and
(2) stops accruing on the date the claim is paid.
(d) In paying interest under subsection (b), a payor shall use the
same interest rate as provided in IC 12-15-21-3(7)(A).

Legislative History

As added by P.L.160-2022, SEC.10.