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An additional 10% should be included on overdue balances for workers' compensation medical bills in Arizona.
State |
Arizona |
Late Payment Due Date |
30 |
Late Payment Percentage |
10% (legal interest rate per the Medical Resources Office) |
Arizona Revised Statute |
|
Statute or Regulation Text |
If the billing is not paid within the applicable time period, the insurance carrier, self-insured employer or claims processing representative shall pay interest to the health provider on the billing at a rate that is equal to the legal rate. Interest shall be calculated beginning on the date that the payment to the health care provider is due. |
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