Modernizes and clarifies timely payment requirements for health carriers in Washington.

The bill updates and clarifies timely payment requirements for health carriers in Washington. It mandates that carriers pay or deny claims within 30 days of receiving a clean claim. For unresolved claims, interest is assessed at one percent per month for the first 60 days and one and a half percent per month thereafter. The bill also imposes administrative penalties for unresolved claims beyond 90 days. The requirements apply to plans filed or renewed on or after January 1, 2027. The commissioner can adopt rules to implement these provisions.

Modernizes and clarifies timely payment requirements for health carriers in Washington.

The bill updates and clarifies timely payment requirements for health carriers in Washington. It mandates that carriers pay or deny claims within 30 days of receiving a clean claim. For unresolved claims, interest is assessed at one percent per month for the first 60 days and one and a half percent per month thereafter. The bill also imposes administrative penalties for unresolved claims beyond 90 days. The requirements apply to plans filed or renewed on or after January 1, 2027. The commissioner can adopt rules to implement these provisions.