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How do I set up a sliding scale fee?

Guide to creating a sliding fee scale (with free worksheets) Key Takeaways. 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.

What is an example of a sliding scale fee?

Some assign a specific rate to a specific range of incomes. For example, a therapist might charge people who make $30,000 to $40,000 a year $60 per session, while charging people who make $120,000 to $150,000 a year $150 per session. Some use a formula to determine their fees, such as [0.001] x [Annual Income].

What is a sliding fee scale for therapy?

A sliding scale for therapy is a payment system to make therapy more accessible by adjusting the cost based on clients ability to pay. Sliding scale rates are determined by evaluating a clients income and setting fees ingly.

How does a sliding scale commission work?

A sliding scale is a pricing method that takes into account a persons ability to pay. This means that the price of a product or service is adjusted based on the customers financial situation.

What is a sliding fee application?

A sliding fee scale for health care is a way to adjust the cost of medical services based on a persons income. Its essentially a discount system that changes the amount you pay depending on how much money you earn. If you earn less money, youll pay less for medical services. If you earn more, youll pay a bit more.