June 13, 2007 by Canadian Underwriter
The Financial Services Commission of Ontario (FSCO) has released an adjustment to its PAF Guideline WAD I and its PAF Guideline WAD II that will see the fees for services rendered (as outlined in Appendix A of the respective guidelines) increase by 2.0% as of July 1, 2007.
The increase, says FSCO, reflects the change in the Consumer Price Index for consumer prices in Canada during 2006.
The Current WAD I Payment Schedule is as follows:
Weeks 1 and 2$308.56
Discharge anytime during the weeks 1 or 2 or at end of week 2, completion of discharge report and monitoring $158.45
Weeks 3 and 4$166.79
Final assessment and completion of discharge report$83.40
Supplementary goods and services$125.09
Transfer fee if changing initiating health practitioner$50.04
The current WAD II payment schedule is as follows:
Week 1$250.19
Weeks 2 and 3$450.33
Discharge at the end of week 3 and monitoring$166.79
Weeks 4, 5 and 6 $425.32
Final assessment and completion of report $83.40
Supplementary goods and services$166.79
Transfer fee if changing initiating health practitioner $50.04
Over the past year, the PAF Guidelines Project has been consulting with stakeholders on updating the current PAF Guidelines, says a FSCO statement.
A revised set of PAF Guidelines for WAD I and WAD II injuries is expected to be released later this summer and become effective in the fall.
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