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Application for Sliding Fee Discount Program Form
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People also ask
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What is a sliding discount?
A health center's sliding fee discount program consists of the schedule of discounts that is applied to the fee schedule and adjusts fees based on the patient's ability to pay.
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What does sliding scale discount mean?
The amount that a patient pays is based on the federal income levels. This sliding scale fee is applicable to all office visits, excluding immunizations. Each year the federal government sets a Federal Poverty Line (FPL) and new income levels that qualify patients for discounted care.
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What is an example of a sliding fee scale?
The average cost of a patient visit is $500. The hospital has implemented a sliding scale fee structure for treatment. Based on specific incomes, the cost per patient visit will vary, from $100 to $700, with the lowest income earners paying $100 and the highest paying $700.
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What does pricing on a sliding scale mean?
Sliding scale fees are variable prices for products, services, or taxes based on a customer's ability to pay. Such fees are thereby reduced for those who have lower incomes, or alternatively, less money to spare after their personal expenses, regardless of income.
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What are the requirements for the HRSA sliding fee scale?
Sliding Fee Discounts Individuals at or below 100% FPL must receive a full discount on fees for services, however a nominal fee may be charged. The fee schedule must slide/provide varying discount levels on charges to individuals between 101% and 200% of the FPL. There must be no discount for patients above 200% FPL.
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What is an example of a sliding fee scale?
An Example The insured patient gets treated, and the maximum fee is $150. Taking into account the patient's insurance, the copay is going to be $90. Now, providers look at their sliding fee scale. ing to the Federal Poverty Guidelines, the patient pays $70 instead of $90.
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How to calculate a sliding fee scale?
Guide to creating a sliding fee scale (with free worksheets) Step 1: Determine usual and customary fees. Step 2: Add up expenses. Step 3: Set your salary. Step 4: Break it down. Step 5: Estimate client numbers. Step 6: Find your minimum fee. Step 7: Set your schedule. Step 8: Develop a sliding fee policy.
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What is the meaning of sliding scale payment?
Sliding scale fees are fees for services that are adjusted depending on an individual's income. They are set usually to allow for fairness and to address income inequality. The higher your income, the more you will pay, the lower your income, the less you will pay.
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