What is a potential consequence of not submitting insurance documentation on time?

Failure to submit insurance documentation on time can lead to loss of reimbursement. Insurance providers typically have strict deadlines for claim submissions, and missing these deadlines can result in the denial of the claim altogether. When claims are denied due to late submission, healthcare providers are unable to receive payment for the services rendered. This situation can also create financial strain on the providers and limit their ability to offer services to patients.

While delayed claim processing and increased premium rates are indeed possible consequences in different contexts, they do not directly imply that reimbursement will be lost due to late submission. Extended coverage options are generally unrelated to the timing of documentation submission; rather, they pertain to the variety of services or benefits an insurance policy may offer. Thus, the most direct and immediate consequence of not adhering to the submission timeline is the loss of reimbursement.