2015 Fee Schedule Rates to Increase by 1.70%
According to news published by the IWCC, 2015 medical fee schedule rates will increase 1.70% on January 1, 2015. According to the IWCC, the 2015 rates will be 38% lower than medical inflation since the fee schedule took effect in 2006.
Section 8.2(a) of the Illinois Workers’ Compensation Act provides that, each year, fee schedule rates shall increase or decrease by the percentage change in the Consumer Price Index-U (CPI-U) in the previous year.
The 2015 rates will be posted as soon as the vendor, Optuminsight, calculates them and obtains information about new and deleted codes. The rates are usually posted at the end of the year. The IWCC will give notice on their web page when the new rates are available.