Michigan SB0546 amends insurance laws to increase penalties for late payment of claims.

Michigan SB0546 amends sections 2006 and 3142 of the Michigan Compiled Laws to increase penalties for late payment of claims by health plans. The bill mandates that health plans must pay claims within 30 days after receipt, with interest at a rate of 12% per annum for late payments. It also requires health plans to notify providers within 30 days of any reasons preventing a claim from being a clean claim. The bill defines a clean claim as one that sufficiently identifies the provider, patient, and service details, among other criteria.

Michigan SB0546 amends insurance laws to increase penalties for late payment of claims.

Michigan SB0546 amends sections 2006 and 3142 of the Michigan Compiled Laws to increase penalties for late payment of claims by health plans. The bill mandates that health plans must pay claims within 30 days after receipt, with interest at a rate of 12% per annum for late payments. It also requires health plans to notify providers within 30 days of any reasons preventing a claim from being a clean claim. The bill defines a clean claim as one that sufficiently identifies the provider, patient, and service details, among other criteria.