What happens to claims submitted after the designated time limit?

Claims submitted after the designated time limit can indeed be reduced or rejected without valid justification. This stems from the policies established by insurance providers and regulatory guidelines that stipulate specific time frames for claim submissions. When a claim is not filed within the required period, it may lose its validity, leading insurers to deny payment for those claims. This policy is in place to encourage timely reporting and processing of claims, ensuring that insurance companies can maintain a streamlined operation and manage their resources effectively. Claims that are submitted in a timely manner are more likely to be processed efficiently and in accordance with the terms of coverage, while those submitted late do not benefit from the same assurances and protections.