An additional 12% per annum should be included on overdue balances for workers' compensation medical bills in Rhode Island.
State |
Rhode Island |
Late Payment Due Date |
21 days |
Late Payment Percentage |
12% per annum |
State of Rhode Island General Laws |
|
Statute or Regulation Text |
§ 28-33-8 (f)(1) … In the event payment is not made within twenty-one (21) days from the date a request is made for payment, the provider of medical services may add, and the insurer or self-insurer shall pay, interest at the per annum rate as provided in § 9-21-10 on the amount due. The employee or the medical provider may file a petition with the administrator of the workers' compensation court which petition shall follow the procedure as authorized in chapter 35 of this title.
§ 9-21-10. Interest in civil actions. (a) In any civil action in which a verdict is rendered or a decision made for pecuniary damages, there shall be added by the clerk of the court to the amount of damages interest at the rate of twelve percent (12%) per annum thereon from the date the cause of action accrued, which shall be included in the judgment entered therein. Post-judgment interest shall be calculated at the rate of twelve percent (12%) per annum and accrue on both the principal amount of the judgment and the prejudgment interest entered therein. This section shall not apply until entry of judgment or to any contractual obligation where interest is already provided. |
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