MI HB5184

Reduces the deadline for paying weekly compensation benefits from 30 days to 14 days after benefits become due and payable

Increases the daily penalty for late payment of weekly benefits from $50 to $100 per day, with the maximum total penalty raised from $1,500 to $25,000

Increases the daily penalty for late payment of medical bills or travel allowances from $50 to $100 per day, with the maximum total penalty raised from $1,500 to $25,000

Adds compensation owed under final redemption orders to the types of payments subject to late payment penalties

Sets interest on compensation paid pursuant to awards at a fixed rate of 10% per year from the date each payment was due, replacing the previous variable rate tied to civil judgment interest calculations