Prompt Pay Law – IOWA

IOWA SUMMARY OF EXISTING LAW

Insurer shall pay for services rendered by an enrolled healthcare provider within 30 days.

Link to Existing Law: Chapter 507B Section 507B.4A

PRACTICAL NOTE FOR EXISTING LAW

This state’s Prompt Pay law references the time frame sand other procedural stands for claims submitted to ERISA plans, setting up a very well developed area of Prompt Payment regulation. While PBMs are not specifically mentioned, they are likely included in the broad definition of applicable entities.