Kan. Admin. Regs. § 129-5-19 - Interest on unpaid claims
(a)
The principal amount due on which the interest payment shall be calculated
shall be the allowed amount due but unpaid at the contracted rate for the
service. All interest due under the act shall be applied only to the principal
amount due as specified in this subsection and not to any unpaid interest.
Interest calculated under the act shall not be compounded.
(b) Each managed care organization shall keep
accurate and sufficient records for each interest payment and its corresponding
claim documentation and shall provide a detailed report to the state upon
request.
Notes
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