An additional 12% interest per annum should be included on overdue balances for workers' compensation medical bills in Wisconsin.
State |
Wisconsin |
Late Payment Due Date |
30 days |
Late Payment Percentage |
12 % per year |
Administrative Code Department of Workforce Development |
|
Statute or Regulation Text |
DWD 80.72 Health service fee dispute resolution proces (6) INTEREST ON LATE PAYMENT. (a) Except as provided in par. (b), in addition to any amount paid or awarded in a fee dispute, where an insurer or self−insurer fails to respond as required in subs. (3) and (4) or as directed under sub. (5), the insurer or self−insurer shall pay simple interest on the payment or award to the provider at an annual rate of 12%, to be computed by the insurer or self−insurer, from the date that the insurer or self−insurer first missed a deadline for response, to the date of actual payment to the provider. |
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