Can fees be based on ability to pay or must I offer the same discount to all uninsured patients?
Question: Can fees be based on ability to pay or must I offer the same discount to all uninsured patients?
Answer: You can have a sliding scale. The key is to offer the sliding discount to everyone who qualifies; that is, be consistent. But it's the policy that needs to be consistent, not the actual percentages. The issue of providing free and reduced-price care to the poor and uninsured has become a big one for many practices, as many employers are dropping coverage, reducing benefits, or just laying people off.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.