Healthcare shouldn’t be this complicated. Learn the terms that matter to make informed decisions about your health.
Prompt pay laws are state and federal regulations that require health insurance companies to process and pay claims within specified timeframes, typically 30-45 days for clean claims. These laws establish penalties for late payments, including interest charges and fines, to ensure timely reimbursement to healthcare providers. Most states have their own prompt pay statutes with varying requirements and enforcement mechanisms.
A Solace advocate can help you understand how prompt pay laws affect your medical bills, assist providers in addressing delayed insurance payments, and navigate situations where slow claims processing impacts your care. Advocates can also help file complaints with state insurance departments when insurers violate prompt pay requirements.