What is the penalty for untimely filing of medical charges or untimely payment of medical charges?
It is ten percent (10%) per 30-day period. HCFA-1500 form and documentation must be filed within 20 days for a newly diagnosed work-related injury or injury; and within 30 days for subsequent billings. Otherwise, the bill may be reduced by 10% for each 30-day period for late billing. Likewise, payment of properly submitted, documented, bills should be made with 30 days of receipt. If no payment is made within 60 days, then a payer may be subject to penalties not to exceed 10% for each 30-day period after 60 days.
