Heath Care Pricing Transparency and Consumer Rights: Good faith estimate
"Good Faith Estimate" from health care providers
- "Good Faith Estimate"As soon as your doctor suggests a test or procedure, say you want a Good Faith Estimate. You could ask for Good Faith Estimates with and without going through insurance.
- PROs:
- Works well for procedures, diagnostic tests, etc. which are scheduled in advance
- Protects the consumer against being billed in excess of $400 over the estimate
- Shows medical billing codes, which you may use to price shop with competing providers
- Generally provided with quick turnaround time
- Widely available
- CONs:
- Not intended for emergency or urgent care services. Estimates are only available for scheduled services.
