Can You Not get Or Can You Waive Patient's Copay? All About Copays and Copayments

Health Insurance Card - Can You Not get Or Can You Waive Patient's Copay? All About Copays and Copayments

Good afternoon. Now, I found out about Health Insurance Card - Can You Not get Or Can You Waive Patient's Copay? All About Copays and Copayments. Which is very helpful if you ask me and you. Can You Not get Or Can You Waive Patient's Copay? All About Copays and Copayments

There are so many reasons why you should not waive copays or copayments. If you are contracted with the guarnatee company, you are bound to supervene what is in your ageement with them. A patient's copay is due at the time of service! You must derive your patient's copay!

What I said. It isn't the conclusion that the real about Health Insurance Card. You check out this article for information about an individual need to know is Health Insurance Card.

Health Insurance Card

Let me tell you why you should not waive copays!

Your ageement says you derive copay at the time of service!; Your patient knows they have to pay their copay based on what their course says (it's in fact false that they do not know they have a copay!); Your are in fact losing money in your practice if you do so!

What is a copayment? It's a part accountability of the patient's based on their course and coverage. Mostly, their copays are applied towards their annual out of pocket estimate for family, singular or individual.  And it is all the time due at the time of aid (the time they came in to your office). Copay for former Care physician and for devotee Office may differ too!

So why do you think you should not waive a copay? -- let's take a look at this way:

Assuming the guarnatee payor allows .00 for an evaluation and supervision - E/M Code and you waive a copay of .00, you only get reimbursed at .00 because the .00 was applied towards the patient's copay.

So why waive the copay when it is an actual added earnings to your daily cash flow, is it not?

Here are some scenarios of problem collecting copays and what you should do to deal with these:

The patient has a Secondary guarnatee and would like you to submit his/her claim to the secondary guarnatee after the former guarnatee pays for the claim -- what you should do; expound to the patient that their copay is due at the time of aid regardless if they have a secondary insurance! Most of my patients would even send claims to their secondary to pick up for their copays. The key here, educate them! The patient all the time "forgets his/her checkbook" --- give the patient one chance! Again, expound to them their copay is all the time due at the time of service. Hand them a self-addressed envelope and let them mail a check as soon as they get home. Or know your area, I'm sure there is a bank or an Atm machine nearby, you can let the patient go the nearest  Atm and withdraw money. Or for their convenience too, if they have reputation cards --- your practice should be able to accept major reputation cards.

 Helpful ideas too, post in your waiting room and at the window that says "Your Copay is Due at the Time of Service",  "You Must Pay Your Copay Before You Can Be Seen".

And here is your last course, it is alright too to refuse to see the patient if they do not pay their copay. Maybe on the 3rd visit, if obviously the patient have been deliberately "forgetting" his/her check - tip off them when you make the confirmation before their appointment that they can not be seen if they do not pay their copay balance.

I don't think you can purchase any material thing that you use them first before you pay for it. Realistically,  why render the aid before the patient pays their copay? A underground physician practice is not running a charity schedule or else you will go out of business. Just my one cent  idea.

I hope you will get new knowledge about Health Insurance Card. Where you'll be able to put to use within your daily life. And just remember, your reaction is passed about Health Insurance Card.