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A parent or legal guardian cant act as guarantor when applying on behalf of a child or dependent adult.
Who is the guarantor on a patient account?
Guarantor: The person responsible for payment of rendered services. The guarantor is customarily the person bringing the patient in for treatment. This person is not necessarily the same as the subscriber. Health Care Provider: A person who is trained and licensed to give health care.
Can a guarantor be 18?
The guarantor must be over the age of 21 and under 75 years old. As a guarantor, you also need to have a reasonably good credit history. You will need to show that you have an income or savings and the ability to repay debt if the borrower cant.
Who would be considered a guarantor?
A guarantor is an individual that agrees to pay a borrowers debt if the borrower defaults on their obligation. A guarantor is not a primary party to the agreement but is considered to be an additional comfort for a lender. A guarantor will have a strong credit score and earn sufficient income to meet the obligation.
How old should a guarantor be?
A guarantor can be any person over the age of 18 years with a good credit report and sufficient income. A guarantor doesnt live on the property. Sometimes, an applicant may work with a lease guarantor company, which agrees to pay if the tenant defaults.
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Guarantors are usually required to be over 21 years old and have an annual salary thats 80 times the monthly rent of the apartment.
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This is determined by comparing the patient/Guarantors out of pocket costs for the patient to the Patients Family Income for the same prior 12 month period.
Aug 6, 2014 The Company uses the equity method of accounting for equity investments in less than majority-owned companies if the investment provides the
Usually the patient is financially responsible for medical charges. A parent or legal guardian/trustee is the guarantor for patients 18 years of age and
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