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When is a claim eligible for Late Payment Interest (LPI)?

April 26, 2017claim eligible late LPI payment

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When is a claim eligible for Late Payment Interest (LPI)?

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Claims may be paid on a delayed basis. LPI will be paid in accordance with Illinois law. LPI is calculated beginning on the 31st day after receipt of a clean claim in the amount of 9% annually. Interest amounting to less than one dollar is not paid.