Insurance Industry Reports Heightened Costs Stemming from IMR and IBR Processes
According to an annual report put out by the Workers’ Compensation Insurance Rating Bureau, the total costs associated with independent medical reviews (IMRs) and independent bill reviews (IBRs) have increased.
Despite reduced insurance premiums and fewer claims being filed, IMRs and IBRs are costing more. This is due in no small part to the IMR regulations the insurance industry imposed upon itself. The California Applicants’ Attorneys Association made it publicly clear that new IMR regulations would cost the insurance industry more money, and their assertions have proven correct.
What IMR and IBR Regulations Mean for Injured Workers
Their rigid, complicated, and now rather extended IMR process is also problematic for injured workers. It creates a major delay in care and forces injured workers to continue waiting and racking up medical costs. The average length of workers’ temporary disability periods have also grown under these new regulations, forcing IMR and IBR costs up even further.
Glendale Workers’ Compensation Lawyers Serving Injured Workers in Southern California
Our team at the Law Offices of Wax & Wax is here to protect your rights after a work-related injury, especially when insurance companies delay and deny you the compensation you deserve. Our Glendale workers’ compensation attorneys understand the insurance industry and the California workers’ comp process, and we are dedicated to using our knowledge and skill to your benefit.
Your injury merits swift action and appropriate compensation from your employer’s insurance provider, but they are often disinclined to provide you with the service and money you deserve. That’s when you need a tough, experienced legal advocate on your side to plead your case and work toward a fair solution in your case.
Connect with a member of our team today by calling (818) 946-0608, or send us an email to schedule a consultation.