FINANCIAL POLICIES
Notice of Financial Policy & Debt Fairness Act
In June of 2024, Governor Walz signed the Minnesota Debt Fairness Act into legislation with an effective date of October 1, 2024. The Orthopaedic & Fracture Clinic has outlined its practices for collecting medical debt in our Notice of Financial Policy and will not deny medically necessary care to our patients due to unpaid medical debt and will not engage in prohibited debt collection practices. If you have questions about this policy or would like to request a copy, you may call the Business Office at 507-386-6603. OFC’s Notice of Privacy Practices was updated to reflect changes regarding your privacy rights and how OFC may use your protected health information for treatment, payment, and healthcare operations.
Good Faith Estimate & No Surprises Act
FINANCIAL RESPONSIBILITY
No one likes to be surprised by the cost of their medical care. That’s why it’s important to understand the insurance you carry, along with other health care accounts, to determine what your financial responsibility is for your medical care.
We are committed to sharing information in ways that will help you make informed decisions about health care services.
GOOD FAITH ESTIMATE
As of January 1, 2022, you have the right to receive a Good Faith Estimate explaining how much your medical care will cost if you are uninsured or are electing to pay for care without insurance. A Good Faith Estimate will include related costs like medical tests, prescription medications, equipment, and hospital fees.
As a patient, you have rights. Upon receiving your bill, if the total costs exceeds $400 from the Good Faith Estimate, you can dispute the bill. It is important that you save a copy or picture of your Good Faith Estimate for disputing purposes.
For questions or more information about your right to a Good Faith Estimate visit www.cms.gov/nosurprises.
SURPRISE BILLING
“Surprise billing” is an unexpected bill. This can happen when you see a provider that is out-of-network with your insurance, but the facility your care is received from is in-network.
Pricing Questions
The Orthopaedic & Fracture Clinic, P.A. is committed to providing the best care and services. If you have specific questions about your insurance coverage and financial responsibility, please contact us at 507.386.6603.