A Good Faith Estimate (GFE) template for therapists is a standardized document that provides clients with an estimated cost of services before they commit to therapy. This transparency allows clients to understand their financial responsibilities and make informed decisions about their care. 

For therapists, using a good faith estimate template ensures compliance with legal requirements that were enacted on January 1, 2022, and fosters trust with clients. Below, we'll explore the essential components of a good faith estimate. As well as how to create one and provide examples of statements that can be included.

What is Good Faith in Simple Terms?

In simple terms, "good faith" refers to the honest intention to act without taking unfair advantage of another party. For therapists, good faith involves providing accurate, clear, and upfront information about the costs associated with therapy services. It means being truthful about what clients can expect to pay and ensuring that the estimate provided is as close as possible to the actual cost.

Although therapists have always been required to disclose their fees, therapists are also required to follow this legislation. Even if they have their fees disclosed on their website and their consent forms. 

Who is Required to Provide a Good Faith Estimate Under the No Surprises Act?

This is required for healthcare professionals including mental health professionals who provide services to people that are uninsured or people who are insured but choose not to use their insurance benefits to pay for healthcare services (private pay clients). 

This legislation ensures that clients are "not surprised" by hidden fees or additional costs that were not previously disclosed. By providing this form, therapists help clients make informed decisions and build trust through transparency.

What is Usually Included in a Good Faith Estimate?

A Good Faith Estimate typically includes several key elements. Each to provide a comprehensive overview of the expected costs for counseling services. Here's what is usually included in a good-faith estimate:

1. Client Information: This section includes the client's name, DOB, contact information, and diagnosis if known or applicable.

2. Therapist Information: The therapist's name, contact information, and practice details.  It also includes the therapist’s EIN and NPI if they have one. 

3. Description of Services: A detailed list of the therapy services that will be provided, including the type of therapy (e.g., individual, couples, family) and the expected duration of each session.

4. Cost Breakdown: This section includes the cost of each service, such as click to read more...